Cormark Downgrades Decisive Dividend (CVE:DE) to Hold

Decisive Dividend (CVE:DE) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Decisive Dividend Stock Down 3.8 %

CVE:DE opened at C$6.59 on Thursday. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95. The stock has a 50-day simple moving average of C$6.39 and a 200 day simple moving average of C$7.04. Decisive Dividend has a one year low of C$5.51 and a one year high of C$11.50. The company has a market capitalization of C$127.91 million, a price-to-earnings ratio of 29.95 and a beta of 1.18.

Decisive Dividend (CVE:DE) last issued its earnings results on Tuesday, November 5th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The company had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million. Sell-side analysts predict that Decisive Dividend will post 0.3206107 EPS for the current fiscal year.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.