dentalcorp (TSE:DNTL) Trading 31.8% Higher - Time to Buy?

Key Points

• dentalcorp's stock surged 31.8% on Friday, trading as high as C$10.95, with a significant increase in volume to 6,520,779 shares compared to its average of 193,674 shares.
• The company announced a quarterly dividend of $0.025 per share, expected to be paid on October 21st, representing a yield of 0.9%.
• dentalcorp operates in the dental services sector in Canada, focusing on acquiring dental practices and providing related health care services.

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

The firm has a 50-day simple moving average of C$8.15 and a 200 day simple moving average of C$8.20. 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 company has a market capitalization of C$2.17 billion, a PE ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 dividend 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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