ADF Group (TSE:DRX) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: ADF Group (TSE:DRX) shares crossed above their 200‑day moving average (C$8.81), trading as high as C$10.95 and last at C$10.52 on a volume of 35,331, with the 50‑day average at C$9.74.
• Profitability and valuation: The company has a market cap of C$300.4M, trades at a P/E of 11.31, and reported C$0.23 EPS on C$78.79M revenue in the most recent quarter, with a 10.17% net margin and 15.07% ROE.
• Balance sheet and outlook: Debt is modest (debt‑to‑equity 22.67) with healthy liquidity (quick ratio 1.74, current ratio 2.21), while analysts forecast about C$0.20 EPS for the current year.

ADF Group Inc. (TSE:DRX - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.81 and traded as high as C$10.95. ADF Group shares last traded at C$10.52, with a volume of 35,331 shares trading hands.

ADF Group Stock Performance

The stock's fifty day moving average is C$9.74 and its two-hundred day moving average is C$8.81. The firm has a market capitalization of C$300.38 million, a price-to-earnings ratio of 11.31 and a beta of -0.79. The company has a debt-to-equity ratio of 22.67, a quick ratio of 1.74 and a current ratio of 2.21.

ADF Group (TSE:DRX - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$78.79 million during the quarter. ADF Group had a net margin of 10.17% and a return on equity of 15.07%. Analysts forecast that ADF Group Inc. will post 0.2 earnings per share for the current year.

ADF Group Company Profile

ADF Group Inc is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.

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