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

ADF Group logo with Industrials background

Key Points

  • ADF Group Inc. shares fell below their 200-day moving average of C$7.81, trading as low as C$7.58, marking a decline of 4.2%.
  • The company declared a half-year dividend of $0.02 per share, with a payout ratio of 3.33% paid to stockholders of record as of September 26.
  • ADF Group has a market capitalization of C$213.30 million and key financial ratios including a P/E of 6.33 and a debt-to-equity ratio of 28.51.
  • Five stocks to consider instead of ADF Group.

Shares of ADF Group Inc. (TSE:DRX - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.81 and traded as low as C$7.58. ADF Group shares last traded at C$7.59, with a volume of 61,631 shares traded.

ADF Group Stock Down 4.2%

The company has a debt-to-equity ratio of 28.51, a current ratio of 2.22 and a quick ratio of 1.74. The firm has a market capitalization of C$213.30 million, a P/E ratio of 6.33 and a beta of -1.41. The firm's fifty day moving average price is C$8.50 and its 200-day moving average price is C$7.81.

ADF Group Dividend Announcement

The company also recently declared a half year 25 dividend, which was paid on Thursday, October 16th. Stockholders of record on Friday, September 26th were given a dividend of $0.02 per share. ADF Group's dividend payout ratio (DPR) is presently 3.33%.

About ADF Group

(Get Free Report)

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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