dentalcorp (TSE:DNTL) Trading 31.8% Higher - What's Next?

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.8% during trading, reaching a high of C$10.95, with significant trading volume increasing by 3,267% from average levels.
• The company announced a quarterly dividend of $0.025 per share, translating to a 0.9% dividend yield, with a payout ratio currently at -21.74%.
• dentalcorp specializes in acquiring dental practices and providing healthcare services in Canada, contributing to its market capitalization of C$2.17 billion.

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

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The company has a market capitalization 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 stock's 50-day moving average price is C$8.20 and its 200-day moving average price is C$8.23.

dentalcorp Dividend Announcement

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