dentalcorp (TSE:DNTL) Trading 31.8% Higher - Still a Buy?

Key Points

• dentalcorp Holdings Ltd. (TSE:DNTL) experienced a significant increase in stock price, trading up 31.8% to C$10.91 from a previous close of C$8.28.
• The company announced a quarterly dividend of $0.025, scheduled to be paid on October 21st, with a current yield of 0.9%.
• dentalcorp has a market capitalization of C$2.17 billion and a high debt-to-equity ratio of 78.72, indicating potential financial risk despite its recent stock surge.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s share price 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 were traded during mid-day 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 stock has a 50-day moving average of C$8.20 and a 200-day moving average of C$8.23. The firm has a market cap of C$2.17 billion, a price-to-earnings ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38. 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 Announces Dividend

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