dentalcorp (TSE:DNTL) Trading 1.2% Higher - What's Next?

Key Points

• dentalcorp Holdings Ltd.'s stock price rose by 1.2% recently, with a trading range peaking at C$8.29 and closing at C$8.22.
• TD Securities upgraded their price target for dentalcorp from C$12.00 to C$13.00, maintaining a "buy" rating, supported by an average rating of "buy" from six analysts.
• The company announced a quarterly dividend of $0.025 per share, reflecting an annualized yield of 1.2%, despite a negative dividend payout ratio of -21.74%.

dentalcorp Holdings Ltd. (TSE:DNTL - Get Free Report)'s stock price rose 1.2% during mid-day trading on Tuesday . The stock traded as high as C$8.29 and last traded at C$8.22. Approximately 174,614 shares traded hands during trading, an increase of 10% from the average daily volume of 159,357 shares. The stock had previously closed at C$8.12.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price objective on dentalcorp from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$12.82.

dentalcorp Price Performance

The company has a fifty day simple moving average of C$8.14 and a 200 day simple moving average of C$8.15. The stock has a market capitalization of C$1.64 billion, a price-to-earnings ratio of -35.74, a P/E/G ratio of -2.69 and a beta of 1.40. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19.

dentalcorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Thursday, July 3rd were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 3rd. dentalcorp's dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.