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

Key Points

• Dentalcorp Holdings Ltd. (TSE:DNTL) saw a significant stock price increase of 31.8%, reaching a last traded price of C$10.91 after a high of C$10.95.
• The company announced a quarterly dividend of $0.025, reflecting an annualized yield of 0.9% for shareholders of record as of October 2nd.
• Dentalcorp is focused on acquiring dental practices and providing healthcare services across Canada, with a market cap of C$2.17 billion.

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

dentalcorp Stock Up 31.8%

The company has a 50-day simple moving average of C$8.20 and a 200-day simple moving average of C$8.22. 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 firm has a market cap 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders 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 dividend yield of 0.9%. dentalcorp's dividend payout ratio (DPR) 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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