dentalcorp (TSE:DNTL) Shares Up 31.8% - Should You Buy?

Key Points

• dentalcorp Holdings Ltd. shares surged 31.8%, reaching a high of C$10.95, with a trading volume increase of 3,267% compared to the average session.
• The company announced a quarterly dividend of $0.025 per share, representing an annualized yield of 0.9%, with a dividend payout ratio of -21.74%.
• dentalcorp has a market capitalization of C$2.17 billion and operates by acquiring dental practices and offering healthcare services in Canada.

dentalcorp Holdings Ltd. (TSE:DNTL - ) shares shot up 31.8% during trading on Saturday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares were traded 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 Up 31.8%

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

dentalcorp Dividend Announcement

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

About dentalcorp

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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