Dynacor Group (TSE:DNG) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Dynacor Group Inc. shares have fallen below their 50-day moving average of C$4.76, last trading at C$4.67 with increased trading volume of 54,518 shares.
• Analysts have upgraded Dynacor Group to a "strong-buy" rating, with the company currently holding an average rating of "Strong Buy."
• The company announced a $0.0133 monthly dividend, representing an annualized yield of 3.4% and a dividend payout ratio of 26.49%.

Shares of Dynacor Group Inc. (TSE:DNG - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.76 and traded as low as C$4.64. Dynacor Group shares last traded at C$4.67, with a volume of 54,518 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Dynacor Group to a "strong-buy" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Dynacor Group Price Performance

The business's 50 day moving average price is C$4.76 and its two-hundred day moving average price is C$4.75. The stock has a market cap of C$193.84 million, a P/E ratio of 11.29 and a beta of 0.45. The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59.

Dynacor Group Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.0133 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Dynacor Group's payout ratio is presently 26.49%.

Dynacor Group Company Profile

Dynacor, with 27 years of experience, is a Canadian-based dividend-paying industrial gold ore processor. The corporation is engaged in gold production by processing ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.