Decisive Dividend (CVE:DE) Shares Down 1.5% - Here's What Happened

Key Points

• Decisive Dividend Co. shares dropped 1.5%, trading between C$7.87 and C$7.88, while the average trading volume decreased by 18% to 16,429 shares.
• Equities analysts from Cormark and Raymond James Financial upgraded the company to a "moderate buy" rating from a previous "hold" status on May 12th.
• Decisive Dividend has a market capitalization of C$151.58 million and a notably high price-to-earnings ratio of 58.50, indicating potential growth or valuation concerns.

Decisive Dividend Co. (CVE:DE - Get Free Report)'s stock price fell 1.5% during mid-day trading on Friday . The company traded as low as C$7.87 and last traded at C$7.88. 16,429 shares traded hands during trading, a decline of 18% from the average session volume of 20,158 shares. The stock had previously closed at C$8.00.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cormark upgraded Decisive Dividend from a "hold" rating to a "moderate buy" rating in a research note on Monday, May 12th. Raymond James Financial raised Decisive Dividend from a "hold" rating to a "moderate buy" rating in a research report on Monday, May 12th.

Decisive Dividend Price Performance

The company has a market capitalization of C$151.58 million, a price-to-earnings ratio of 58.50 and a beta of 1.18. The company has a debt-to-equity ratio of 126.64, a current ratio of 1.80 and a quick ratio of 1.54. The business has a fifty day moving average price of C$7.72 and a 200 day moving average price of C$6.89.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.

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