dentalcorp (TSE:DNTL) Trading Up 31.2% - Still a Buy?

Key Points

• dentalcorp Holdings Ltd. experienced a significant share price increase of 31.2%, closing at C$10.86 following a trading surge of approximately 4.6 million shares.
• The company announced a quarterly dividend of $0.025 per share, resulting in an annualized dividend of $0.10, equating to a yield of 0.9%.
• dentalcorp operates by acquiring dental practices in Canada and has a market capitalization of C$2.16 billion with a notable debt-to-equity ratio of 78.72.

Shares of dentalcorp Holdings Ltd. (TSE:DNTL - ) were up 31.2% during trading on Friday . The stock traded as high as C$10.88 and last traded at C$10.86. Approximately 4,664,567 shares were traded during mid-day trading, an increase of 2,443% from the average daily volume of 183,426 shares. The stock had previously closed at C$8.28.

dentalcorp Price Performance

The company's 50-day moving average is C$8.15 and its two-hundred day moving average is 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 firm has a market cap of C$2.16 billion, a P/E ratio of -47.22, a PEG 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. Investors of record on Thursday, October 2nd will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.9%. dentalcorp's dividend payout ratio is -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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