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

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.8% on Friday, reaching a high of C$10.95, compared to the previous close of C$8.28.
• The company declared a quarterly dividend of $0.025 to be paid on October 21st, representing an annualized yield of 0.9%.
• dentalcorp specializes in acquiring dental practices in Canada and has a market capitalization of C$2.17 billion with a debt-to-equity ratio of 78.72.

dentalcorp Holdings Ltd. (TSE:DNTL - ) shares rose 31.8% during mid-day trading on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares were traded during mid-day 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 Price Performance

The company's 50-day moving average is C$8.20 and its 200-day moving average is C$8.22. 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 firm has a market capitalization 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.

dentalcorp Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.9%. dentalcorp's 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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