dentalcorp (TSE:DNTL) Trading 3.3% Higher - What's Next?

Key Points

• Dentalcorp Holdings Ltd. (TSE:DNTL) experienced a 3.3% increase in stock price, reaching C$8.18 on Tuesday.
• TD Securities has raised its price target for dentalcorp from C$12.00 to C$13.00 and maintained a "buy" rating, with six analysts also recommending the stock as a buy.
• The company recently announced a quarterly dividend of $0.025 per share, representing an annualized dividend of $0.10 and a yield of 1.2%.

dentalcorp Holdings Ltd. (TSE:DNTL - Get Free Report) shot up 3.3% on Tuesday . The company traded as high as C$8.23 and last traded at C$8.18. 170,549 shares were traded during mid-day trading, an increase of 7% from the average session volume of 160,123 shares. The stock had previously closed at C$7.92.

Analysts Set New Price Targets

Separately, TD Securities upped their price target on dentalcorp from C$12.00 to C$13.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of C$12.59.

dentalcorp Stock Up 0.7%

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 stock's fifty day simple moving average is C$8.30 and its 200-day simple moving average is C$8.10. The stock has a market cap of C$1.55 billion, a P/E ratio of -19.16, a PEG ratio of -2.69 and a beta of 1.26.

dentalcorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Thursday, July 3rd were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.10 annualized dividend and a dividend yield of 1.2%.

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.