dentalcorp (TSE:DNTL) Stock Price Up 31.8% - Still a Buy?

Key Points

• dentalcorp Holdings Ltd. (TSE:DNTL) saw a significant 31.8% increase in stock price, closing at C$10.91 after trading as high as C$10.95.
• The company has a market cap of C$2.17 billion and a notably high debt-to-equity ratio of 78.72, raising potential concerns about financial stability.
• dentalcorp declared a quarterly dividend of $0.025 per share, which translates to a 0.9% dividend yield, with a payout ratio currently at -21.74%.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s stock price rose 31.8% during trading on Saturday . 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 Stock Performance

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 company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. The company's 50 day moving average is C$8.20 and its 200 day moving average is C$8.22.

dentalcorp Announces Dividend

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 paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp's payout ratio is currently -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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