Dexterra Group (TSE:DXT) Shares Cross Above Two Hundred Day Moving Average of $5.74

Dexterra Group Inc. (TSE:DXT) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.74 and traded as high as C$6.00. Dexterra Group shares last traded at C$5.83, with a volume of 39,071 shares trading hands.

Analyst Ratings Changes

DXT has been the subject of a number of research analyst reports. ATB Capital cut their price target on shares of Dexterra Group from C$9.00 to C$8.25 in a report on Monday, March 11th. Raymond James upgraded shares of Dexterra Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$7.00 to C$8.00 in a report on Monday, March 11th. Finally, TD Securities cut shares of Dexterra Group from a “buy” rating to a “hold” rating and cut their target price for the stock from C$7.50 to C$6.00 in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$7.75.

Dexterra Group Trading Down 2.3 %

The company has a debt-to-equity ratio of 40.87, a current ratio of 1.33 and a quick ratio of 1.28. The company has a market cap of C$374.17 million, a price-to-earnings ratio of 14.22, a PEG ratio of 0.90 and a beta of 1.07. The business’s 50-day simple moving average is C$5.77 and its 200-day simple moving average is C$5.74.

Dexterra Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.087 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date was Wednesday, March 27th. Dexterra Group’s dividend payout ratio is presently 85.37%.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.