D-BOX Technologies (TSE:DBO) Share Price Breaks Below 50 Day Moving Average - Time to Sell?

Key Points

• D-BOX shares fell 3.6%, trading as low as C$1.07 and last at C$1.08—below the 50-day moving average of C$1.11, but above the 200-day average of C$0.98.
• The company reported quarterly revenue of C$13.40 million and earnings of C$0.01 per share. Its debt-to-equity ratio was 10.12, while its current ratio was 4.88.
• Director Brigitte Bourque sold 57,500 shares for C$63,250, reducing her position by 14.51%; insiders collectively own 10.74% of the company.

Shares of D-BOX Technologies Inc. (TSE:DBO - Get Free Report) crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$1.11 and traded as low as C$1.07. D-BOX Technologies shares last traded at C$1.08, with a volume of 435,247 shares.

D-BOX Technologies Trading Down 3.6%

The company has a debt-to-equity ratio of 10.12, a quick ratio of 1.07 and a current ratio of 4.88. The stock's 50-day simple moving average is C$1.11 and its 200-day simple moving average is C$0.98. The firm has a market capitalization of C$239.96 million, a PE ratio of 13.67 and a beta of 1.58.

D-BOX Technologies (TSE:DBO - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. D-BOX Technologies had a return on equity of 57.66% and a net margin of 31.78%. The firm had revenue of C$13.40 million during the quarter. As a group, sell-side analysts expect that D-BOX Technologies Inc. will post 0.01 EPS for the current fiscal year.

Insider Activity at D-BOX Technologies

In related news, Director Brigitte Bourque sold 57,500 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of C$1.10, for a total transaction of C$63,250.00. Following the sale, the director directly owned 338,850 shares of the company's stock, valued at approximately C$372,735. This represents a 14.51% decrease in their position. Corporate insiders own 10.74% of the company's stock.

About D-BOX Technologies

D-BOX redefines and creates realistic, immersive and haptic entertainment experiences by providing whole-body feedback and stimulating the imagination through movement. Haptics essentially allows for sensations that would be perceived if the body were to interact directly with physical objects. This expertise explains why D-BOX has collaborated with some of the world's best companies to tell captivating stories. Whether it be movies, video games, virtual reality applications, themed entertainment or professional simulators, D-BOX's mission is to make the world live and vibrate like never before.

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