ADF Group (TSE:DRX) Shares Up 15.2% - Here's What Happened

Key Points

• Shares jumped 15.2% — ADF Group rose to as high as C$11.40 and last traded at C$11.22, up from a C$9.74 close, on volume of 103,801 shares (about 102% above the average).
• Valuation and liquidity metrics — The stock trades above its 50- and 200-day moving averages (C$9.57 and C$8.54), has a market cap of C$320.36M and a P/E of 11.11, with a quick ratio of 1.74, current ratio of 2.27 and debt-to-equity of 23.59.
• Business profile — ADF Group is a North American leader in design, fabrication, coatings and installation of complex steel structures, capable of handling technically complex mega projects across commercial, institutional, industrial and public sectors.

ADF Group Inc. (TSE:DRX - ) shares shot up 15.2% on Thursday . The stock traded as high as C$11.40 and last traded at C$11.22. 103,801 shares traded hands during trading, an increase of 102% from the average session volume of 51,348 shares. The stock had previously closed at C$9.74.

ADF Group Price Performance

The company has a quick ratio of 1.74, a current ratio of 2.27 and a debt-to-equity ratio of 23.59. The firm's fifty day moving average price is C$9.57 and its two-hundred day moving average price is C$8.54. The stock has a market capitalization of C$320.36 million, a PE ratio of 11.11 and a beta of -0.65.

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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