dentalcorp (TSE:DNTL) Trading Down 0.6% - What's Next?

dentalcorp Holdings Ltd. (TSE:DNTL - Get Free Report)'s stock price dropped 0.6% on Friday . The company traded as low as C$8.06 and last traded at C$8.10. Approximately 124,058 shares traded hands during trading, a decline of 25% from the average daily volume of 164,338 shares. The stock had previously closed at C$8.15.

Analysts Set New Price Targets

DNTL has been the topic of a number of recent analyst reports. CIBC increased their price target on shares of dentalcorp from C$11.50 to C$13.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Desjardins raised their target price on shares of dentalcorp from C$12.00 to C$12.75 and gave the company a "buy" rating in a research note on Monday, March 24th. TD Securities raised their target price on shares of dentalcorp from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of dentalcorp from C$12.25 to C$12.50 and gave the stock a "buy" rating in a research note on Monday, March 24th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$12.59.

dentalcorp Price Performance

The stock's 50 day moving average price is C$8.50 and its two-hundred day moving average price is C$8.11. 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 capitalization of C$1.52 billion, a price-to-earnings ratio of -18.76, a PEG ratio of -2.69 and a beta of 1.26.

dentalcorp Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Thursday, July 3rd will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, July 3rd.

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.