dentalcorp (TSE:DNTL) Trading 31.8% Higher - Should You Buy?

Key Points

• dentalcorp Holdings Ltd. experienced a remarkable 31.8% increase in its share price during mid-day trading, reaching C$10.91 after closing at C$8.28.
• The company announced a quarterly dividend of $0.025 per share, set to be paid on October 21st, representing an annualized yield of 0.9%.
• dentalcorp is primarily focused on acquiring dental practices and providing healthcare services across Canada, contributing to its market capitalization of C$2.17 billion.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s share price shot up 31.8% during mid-day trading on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares were traded 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 Trading Up 31.8%

The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38. The company's 50-day moving average is C$8.15 and its 200-day moving average is C$8.20. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72.

dentalcorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Thursday, October 2nd will be paid 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 (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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