Doman Building Materials Group (TSE:DBM) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.92 and traded as high as C$8.54. Doman Building Materials Group shares last traded at C$8.41, with a volume of 65,354 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on DBM. Royal Bank of Canada reduced their price objective on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Canaccord Genuity Group decreased their price objective on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Cibc World Mkts cut shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. CIBC cut shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective for the company. in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Doman Building Materials Group currently has a consensus rating of "Moderate Buy" and a consensus price target of C$10.13.

Doman Building Materials Group Stock Performance

The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The stock has a market cap of C$739.40 million, a P/E ratio of 13.08 and a beta of 1.53. The stock has a fifty day simple moving average of C$7.34 and a 200-day simple moving average of C$7.91.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.62%. The ex-dividend date was Monday, March 31st. Doman Building Materials Group's dividend payout ratio (DPR) is presently 86.55%.

Insiders Place Their Bets

In other Doman Building Materials Group news, Director Marc Seguin acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$6.93 per share, with a total value of C$69,300.00. Company insiders own 20.04% of the company's stock.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.