Shares of Distinct Infrastructure Group Inc (CVE:DUG) rose 36.4% during trading on Friday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 120,900 shares changed hands during trading, an increase of 133% from the average daily volume of 51,842 shares. The stock had previously closed at C$0.33.
DUG has been the subject of several analyst reports. Industrial Alliance Securities reduced their price objective on Distinct Infrastructure Group from C$1.75 to C$1.25 in a research note on Thursday, September 13th. Raymond James reduced their price objective on Distinct Infrastructure Group from C$1.60 to C$1.20 and set an “outperform” rating for the company in a research note on Wednesday, August 29th.
Distinct Infrastructure Group (CVE:DUG) last released its earnings results on Monday, August 27th. The company reported C($0.02) earnings per share (EPS) for the quarter. Distinct Infrastructure Group had a return on equity of 21.22% and a net margin of 7.82%. The business had revenue of C$20.65 million for the quarter, compared to analyst estimates of C$25.10 million.
Distinct Infrastructure Group Inc, through its subsidiaries, operates as a design, engineering, construction, services, and maintenance company in Canada. The company offers technical services and maintenance, underground and aerial civil construction, third party material management, and hydro-excavation services to the utilities and telecommunications sectors, as well as to governments.
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