dentalcorp (TSE:DNTL) Trading 31.8% Higher - Here's What Happened

Key Points

• dentalcorp Holdings Ltd. experienced a significant stock surge of 31.8%, trading at C$10.91 after a previous close of C$8.28.
• The company announced a quarterly dividend of $0.025 per share, with a 0.9% yield and a payout ratio of -21.74%.
• dentalcorp specializes in acquiring dental practices and providing healthcare services in Canada, with a market cap of C$2.17 billion.

dentalcorp Holdings Ltd. (TSE:DNTL - ) traded up 31.8% during mid-day trading on Saturday . The company traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares traded hands during trading, an increase of 3,267% from the average session volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The business's fifty day moving average price is C$8.20 and its 200-day moving average price is C$8.22. 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 stock has a market cap of C$2.17 billion, a PE ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.9%. 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.

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