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

ADF Group logo with Industrials background

ADF Group Inc. (TSE:DRX - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.68 and traded as low as C$5.69. ADF Group shares last traded at C$5.77, with a volume of 44,412 shares traded.

ADF Group Stock Performance

The firm has a market capitalization of C$188.29 million, a PE ratio of 3.29 and a beta of 0.57. The business has a 50-day simple moving average of C$7.18 and a 200-day simple moving average of C$8.57. The company has a debt-to-equity ratio of 28.51, a current ratio of 2.22 and a quick ratio of 1.74.

About ADF Group

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ADF Group Inc engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.

Further Reading

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