dentalcorp (TSE:DNTL) Shares Up 31.8% - Time to Buy?

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.8%, reaching a last trading price of C$10.91, significantly increasing trading volume by 3,267% compared to the average session.
• The company announced a quarterly dividend of $0.025 per share, which represents an annualized yield of 0.9%, with the payment set for October 21st.
• dentalcorp has a market capitalization of C$2.17 billion and operates in the acquisition of dental practices in Canada.

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

dentalcorp Stock Up 31.8%

The firm has a 50-day simple moving average of C$8.20 and a 200 day simple moving average of C$8.22. The stock has a market capitalization of C$2.17 billion, a P/E ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04.

dentalcorp Dividend Announcement

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