Dirtt Environmental Solutions (TSE:DRT) Shares Cross Above 50 Day Moving Average of $7.17

Dirtt Environmental Solutions Ltd (TSE:DRT) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.17 and traded as high as $6.83. Dirtt Environmental Solutions shares last traded at $6.80, with a volume of 30,800 shares trading hands.

A number of research analysts have weighed in on DRT shares. Raymond James set a C$10.00 target price on shares of Dirtt Environmental Solutions and gave the company a “strong-buy” rating in a research note on Thursday, August 1st. Beacon Securities cut shares of Dirtt Environmental Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Industrial Alliance Securities dropped their target price on shares of Dirtt Environmental Solutions from C$9.50 to C$8.50 and set a “hold” rating on the stock in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$9.38.

The company has a market capitalization of $563.02 million and a PE ratio of -91.10. The company has a debt-to-equity ratio of 17.57, a quick ratio of 2.06 and a current ratio of 2.55. The stock’s 50 day moving average is C$7.12 and its 200 day moving average is C$7.76.

Dirtt Environmental Solutions Company Profile (TSE:DRT)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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