dentalcorp (TSE:DNTL) Trading Up 31.8% - Time to Buy?

Key Points

• dentalcorp Holdings Ltd.'s stock price rose by 31.8% on Friday, reaching a last traded value of C$10.91, significantly up from its previous close of C$8.28.
• The company announced a quarterly dividend of $0.025, which will be paid on October 21st, representing an annualized yield of 0.9%.
• dentalcorp has a market capitalization of C$2.17 billion and operates by acquiring dental practices and providing healthcare services in Canada.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s stock price was up 31.8% during trading on Friday . The stock 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 Stock Performance

The firm's fifty day simple moving average is C$8.20 and its 200 day simple moving average is C$8.22. 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 company has a market capitalization of C$2.17 billion, a PE ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

dentalcorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a 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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