ADF Group (TSE:DRX) Trading Down 15.1% - Time to Sell?

Key Points

• ADF Group Inc. experienced a significant stock price decline of 15.1%, falling from a previous close of C$9.52 to C$8.08 during trading on Thursday.
• The company's market capitalization stands at C$238.88 million with a low price-to-earnings ratio of 5.09, indicating potential undervaluation.
• ADF Group is engaged in the design and fabrication of steel structures primarily for the non-residential construction industry, targeting sectors such as office towers, airport facilities, and industrial complexes.

ADF Group Inc. (TSE:DRX - Get Free Report)'s share price was down 15.1% during trading on Thursday . The company traded as low as C$7.79 and last traded at C$8.08. Approximately 86,711 shares were traded during trading, an increase of 12% from the average daily volume of 77,272 shares. The stock had previously closed at C$9.52.

ADF Group Price Performance

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 firm has a market cap of C$231.85 million, a P/E ratio of 6.88 and a beta of -1.47. The business has a fifty day moving average of C$8.76 and a 200 day moving average of C$7.76.

ADF Group Dividend Announcement

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

About ADF Group

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.