dentalcorp (TSE:DNTL) Shares Up 31.8% - Here's What Happened

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.8% to a last trading price of C$10.91, significantly increasing trading volume to over 6.5 million shares.
• The company announced a quarterly dividend of $0.025 payable on October 21st, resulting in an annualized dividend yield of 0.9%.
• dentalcorp operates in the dental sector, primarily focused on acquiring dental practices and providing healthcare services in Canada.

dentalcorp Holdings Ltd. (TSE:DNTL - ) shot up 31.8% on Saturday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares traded hands during mid-day trading, an increase of 3,267% from the average session volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The stock has a market cap of C$2.17 billion, a price-to-earnings ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38. The firm has a fifty day moving average of C$8.20 and a 200 day moving average of C$8.22.

dentalcorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.9%. dentalcorp's payout ratio is presently -21.74%.

dentalcorp Company Profile

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.

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