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

Key Points

• Shares of dentalcorp Holdings Ltd. (TSE:DNTL) surged by 31.8% on Friday, reaching a high of C$10.95, with trading volume increasing by 3,267% compared to its average.
• The company recently announced a quarterly dividend of $0.025 per share, translating to an annualized dividend yield of 0.9%.
• dentalcorp specializes in acquiring dental practices and providing healthcare services in Canada, emphasizing its revenue generation through partnered dentists and healthcare practitioners.

Shares of dentalcorp Holdings Ltd. (TSE:DNTL - ) traded up 31.8% on Friday . The stock 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 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 has a 50 day simple moving average of C$8.15 and a two-hundred day simple moving average of C$8.20. The company has a market cap of C$2.17 billion, a PE ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38.

dentalcorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Thursday, October 2nd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp's dividend payout ratio is currently -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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