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

Key Points

• dentalcorp Holdings Ltd.'s stock surged by 31.8% to C$10.91, with trading volume seeing a dramatic increase of 3,300% compared to the average session.
• The company announced a quarterly dividend of $0.025 per share, resulting in a 0.9% annual yield, with a dividend payout ratio currently at -21.74%.
• dentalcorp has a market capitalization of C$2.17 billion and operates in the acquisition of dental practices and the provision of health care services across Canada.

dentalcorp Holdings Ltd. (TSE:DNTL - ) traded up 31.8% on Friday . The company traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares changed hands during mid-day trading, an increase of 3,300% from the average session volume of 191,796 shares. The stock had previously closed at C$8.28.

dentalcorp Trading Up 31.8%

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 company has a market capitalization of C$2.17 billion, a P/E ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38. The firm has a fifty day moving average price of C$8.15 and a 200-day moving average price of C$8.20.

dentalcorp Announces Dividend

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