Dexterra Group (TSE:DXT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Dexterra Group Inc. (TSE:DXT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.00 and traded as high as C$6.65. Dexterra Group shares last traded at C$6.57, with a volume of 16,090 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. TD Securities lifted their target price on shares of Dexterra Group from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Raymond James lifted their target price on shares of Dexterra Group from C$8.00 to C$8.50 in a research note on Thursday, August 8th.

Dexterra Group Price Performance

The stock’s 50 day moving average price is C$6.56 and its two-hundred day moving average price is C$6.00. The company has a debt-to-equity ratio of 55.43, a current ratio of 1.52 and a quick ratio of 1.28. The firm has a market capitalization of C$437.76 million, a price-to-earnings ratio of 14.50, a PEG ratio of 0.90 and a beta of 1.02.

Dexterra Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.087 per share. This represents a $0.35 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Dexterra Group’s dividend payout ratio (DPR) is currently 76.09%.

Insider Buying and Selling

In related news, Senior Officer Mark Alan Becker bought 7,704 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$6.49 per share, with a total value of C$49,998.96. 51.55% of the stock is currently owned by insiders.

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.