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

Key Points

• dentalcorp Holdings Ltd. shares surged 31.8% on a single trading day, closing at C$10.91 after trading as high as C$10.95.
• Approximately 6.5 million shares changed hands, a remarkable increase of 3,267% compared to the average daily volume.
• The company announced a quarterly dividend of $0.025 per share, with an upcoming payment date of October 21st.

dentalcorp Holdings Ltd. (TSE:DNTL - ) shares rose 31.8% on Saturday . The company traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares changed 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 business has a 50-day simple moving average of C$8.20 and a two-hundred day simple moving average of C$8.22. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -47.43, a P/E/G ratio of -2.69 and a beta of 1.38. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72.

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 dividend of $0.025 per share. This represents a $0.10 annualized dividend 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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