Dexterra Group (TSE:DXT) Hits New 52-Week High - Should You Buy?

Shares of Dexterra Group Inc. (TSE:DXT - Get Free Report) reached a new 52-week high during mid-day 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 raised their target price on Dexterra Group from C$11.00 to C$11.50 and gave the company an "outperform" rating in a research note on Wednesday, February 26th.

Dexterra Group Trading Up 2.2%

The firm has a fifty day simple moving average of C$8.23 and a 200-day simple moving average of C$7.90. The firm 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. The company has a debt-to-equity ratio of 42.46, a current ratio of 1.46 and a quick ratio of 1.28.

Dexterra Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a $0.0875 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.35 annualized dividend 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 presently 178.18%.

Insider Activity

In related 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 transaction of C$160,564.28. Corporate 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.