Dynacor Group (TSE:DNG) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Dynacor Group's stock price recently surged above its 50-day moving average, reaching a high of C$4.80 and closing at C$4.73.
• Canaccord Genuity has upgraded Dynacor Group shares to a "strong-buy" rating, signaling positive analyst sentiment.
• The company announced a monthly dividend of $0.0133 per share, with a yield of 3.4% and a payout ratio of 19.64%.

Dynacor Group Inc. (TSE:DNG - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$4.66 and traded as high as C$4.80. Dynacor Group shares last traded at C$4.73, with a volume of 52,680 shares traded.

Analysts Set New Price Targets

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

Dynacor Group Stock Up 0.6%

The stock has a market capitalization of C$140.17 million, a price-to-earnings ratio of 6.65 and a beta of 1.09. The business has a fifty day moving average of C$4.68 and a 200 day moving average of C$4.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.36 and a quick ratio of 3.50.

Dynacor Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.0133 per share. The ex-dividend date was Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Dynacor Group's dividend payout ratio is currently 19.64%.

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.