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

Key Points

• dentalcorp Holdings Ltd. experienced a significant stock price increase of 31.8% on Friday, closing at C$10.91 after trading as high as C$10.95.
• The company announced a quarterly dividend of $0.025 per share, set to be paid on October 21st, resulting in an annualized dividend yield of 0.9%.
• dentalcorp has a market cap of C$2.17 billion and reported a substantial increase in trading volume, with approximately 6.5 million shares exchanged, a rise of 3,267% compared to its average.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s share price rose 31.8% on Friday . The company traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares were traded 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 market cap 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 business's fifty day moving average price is C$8.15 and its two-hundred day moving average price is C$8.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 78.72.

dentalcorp Dividend Announcement

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