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

Key Points

• Shares of dentalcorp Holdings Ltd. (TSE:DNTL) surged by 31.8%, reaching a last traded price of C$10.91, with over 6.5 million shares exchanged, significantly above the average volume.
• The company plans to distribute a quarterly dividend of $0.025 per share on October 21st, translating to a 0.9% dividend yield.
• dentalcorp specializes in acquiring dental practices and providing health care services across Canada, evidenced by its P/E ratio of -47.43 and a market capitalization of C$2.17 billion.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s share price was up 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 were traded 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 company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The business's 50-day moving average is C$8.20 and its two-hundred day moving average is C$8.22. The company has a market capitalization of C$2.17 billion, a P/E ratio of -47.43, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

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 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 is currently -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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