dentalcorp (TSE:DNTL) Trading Up 31.8% - Here's What Happened

Key Points

• dentalcorp Holdings Ltd. shares surged by 31.8% during mid-day trading, reaching a high of C$10.95, compared to a previous close of C$8.28.
• The company announced a quarterly dividend of $0.025 per share, resulting in an annualized dividend of $0.10 and a yield of 0.9%.
• dentalcorp has a market capitalization of C$2.17 billion and operates in acquiring dental practices and providing healthcare services across Canada.

dentalcorp Holdings Ltd. (TSE:DNTL - ) shares were up 31.8% during mid-day trading on Saturday . The company traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares traded hands during mid-day 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 Price Performance

The stock's fifty day moving average price is C$8.20 and its 200-day moving average price is C$8.22. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. The firm has a market cap of C$2.17 billion, a PE ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

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