ADF Group (TSE:DRX) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• ADF Group's stock price fell below its 200-day moving average, with the last traded price at C$7.83 compared to the 200-day average of C$7.77.
• The company announced a dividend payment of $0.02 per share, to be distributed on October 16th, with a low dividend payout ratio of just 3.33%.
• ADF Group holds a market capitalization of C$220.05 million and has a price-to-earnings ratio of 6.53, indicating potential value in its stock performance.

ADF Group Inc. (TSE:DRX - )'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.77 and traded as low as C$7.76. ADF Group shares last traded at C$7.83, with a volume of 37,948 shares traded.

ADF Group Stock Performance

The firm has a market capitalization of C$220.05 million, a price-to-earnings ratio of 6.53 and a beta of -1.47. The company has a quick ratio of 1.74, a current ratio of 2.22 and a debt-to-equity ratio of 28.51. The stock has a 50-day moving average price of C$8.81 and a 200 day moving average price of C$7.77.

ADF Group Dividend Announcement

The business also recently declared a half year 25 dividend, which will be paid on Thursday, October 16th. Shareholders of record on Friday, September 26th will be paid a $0.02 dividend. ADF Group's dividend payout ratio is currently 3.33%.

ADF Group Company Profile

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures.

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