Dynacor Group (TSE:DNG) Shares Cross Below 50 Day Moving Average - Time to Sell?

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) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 traded.

Analysts Set New Price Targets

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

Dynacor Group Stock Performance

The company has a current ratio of 4.36, a quick ratio of 3.50 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of C$4.76 and a 200-day moving average price of C$4.77. The firm has a market capitalization of C$195.51 million, a price-to-earnings ratio of 11.39 and a beta of 0.45.

Dynacor Group Dividend Announcement

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

About Dynacor Group

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.

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