Dirtt Environmental Solutions (TSE:DRT) Stock Passes Below Fifty Day Moving Average of $4.32

Dirtt Environmental Solutions Ltd (TSE:DRT)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.32 and traded as low as $4.23. Dirtt Environmental Solutions shares last traded at $4.24, with a volume of 124,138 shares traded.

Separately, National Bank Financial cut shares of Dirtt Environmental Solutions from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$7.40 to C$5.25 in a research note on Monday, November 11th.

The company’s 50 day moving average price is C$4.31 and its two-hundred day moving average price is C$5.79. The firm has a market cap of $361.59 million and a PE ratio of 121.14. The company has a current ratio of 2.74, a quick ratio of 2.14 and a debt-to-equity ratio of 17.23.

Dirtt Environmental Solutions (TSE:DRT) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.08 by C$0.01. The business had revenue of C$86.32 million for the quarter, compared to analysts’ expectations of C$99.67 million. Equities research analysts expect that Dirtt Environmental Solutions Ltd will post 0.14 earnings per share for the current fiscal year.

In other Dirtt Environmental Solutions news, Director Todd Lillibridge purchased 45,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of C$4.04 per share, for a total transaction of C$181,764.00. Following the purchase, the director now directly owns 155,700 shares of the company’s stock, valued at approximately C$628,903.44. Insiders have bought a total of 49,758 shares of company stock worth $201,658 in the last quarter.

About Dirtt Environmental Solutions (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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