dentalcorp (TSE:DNTL) Trading Up 31.8% - Still a Buy?

Key Points

• dentalcorp Holdings Ltd. experienced a significant stock increase of 31.8% on Friday, reaching a trading high of C$10.95, with a trading volume surge of 3,267% compared to its average daily volume.
• The company announced a quarterly dividend of $0.025 per share, resulting in a 0.9% dividend yield and a negative dividend payout ratio of -21.74%.
• dentalcorp operates by acquiring dental practices and providing health care services in Canada, recognizing revenue for services rendered by contracted dentists and health practitioners.

dentalcorp Holdings Ltd. (TSE:DNTL - ) was up 31.8% on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. Approximately 6,520,779 shares were traded during 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 Stock Performance

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 company has a market cap 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 fifty day moving average of C$8.15 and a two-hundred day moving average of C$8.20.

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 issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.9%. dentalcorp's dividend payout ratio (DPR) 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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