dentalcorp (TSE:DNTL) Trading Up 31.4% - What's Next?

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.4%, reaching a trading price of C$10.88, with the trading volume significantly increased to approximately 5.55 million shares.
• The company announced a quarterly dividend of $0.025 per share, scheduled to be paid on October 21st, which translates to an annualized dividend yield of 0.9%.
• dentalcorp specializes in acquiring dental practices and providing healthcare services in Canada, with a current market cap of C$2.17 billion.

Shares of dentalcorp Holdings Ltd. (TSE:DNTL - ) were up 31.4% on Friday . The stock traded as high as C$10.88 and last traded at C$10.88. Approximately 5,552,057 shares were traded during mid-day trading, an increase of 2,848% from the average daily volume of 188,318 shares. The stock had previously closed at C$8.28.

dentalcorp Stock Performance

The company has a 50-day simple moving average of C$8.15 and a two-hundred day simple moving average of C$8.20. 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 firm has a market cap of C$2.17 billion, a PE ratio of -47.43, a PEG ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp's 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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