dentalcorp (TSE:DNTL) Trading Up 31.8% - What's Next?

Key Points

• dentalcorp Holdings Ltd. experienced a significant share price increase of 31.8%, trading as high as C$10.95, with over 6.5 million shares exchanged in a single day.
• The company announced a quarterly dividend of $0.025 per share, with an annualized yield of 0.9%, to be paid on October 21st.
• dentalcorp operates by acquiring dental practices and providing healthcare services across Canada, with a market capitalization of C$2.17 billion.

dentalcorp Holdings Ltd. (TSE:DNTL - )'s share price shot up 31.8% during trading on Friday . The stock traded as high as C$10.95 and last traded at C$10.91. 6,520,779 shares were traded during trading, an increase of 3,267% from the average session volume of 193,674 shares. The stock had previously closed at C$8.28.

dentalcorp Trading Up 31.8%

The company has a fifty day moving average of C$8.20 and a two-hundred day moving average of C$8.22. 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 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.

dentalcorp Announces Dividend

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