Dexterra Group (TSE:DXT) Sets New 52-Week High - Here's Why

Dexterra Group Inc. (TSE:DXT - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$8.88 and last traded at C$8.83, with a volume of 27070 shares traded. The stock had previously closed at C$8.79.

Analyst Ratings Changes

Separately, National Bankshares increased their price objective on shares of Dexterra Group from C$11.00 to C$11.50 and gave the stock an "outperform" rating in a report on Wednesday, February 26th.

Dexterra Group Trading Up 2.2%

The business's fifty day simple moving average is C$8.23 and its 200 day simple moving average is C$7.89. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46. The stock has a market cap of C$567.66 million, a P/E ratio of 45.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02.

Dexterra Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.35 dividend on an annualized basis and a yield of 3.92%. This is a positive change from Dexterra Group's previous quarterly dividend of $0.09. Dexterra Group's dividend payout ratio is currently 178.18%.

Insider Activity

In other news, Senior Officer Jeffrey Litchfield sold 18,692 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of C$8.59, for a total value of C$160,564.28. Insiders own 51.55% of the company's stock.

Dexterra Group Company Profile

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.