Cormark Downgrades Decisive Dividend (CVE:DE) to Hold

Decisive Dividend (CVE:DE) was downgraded by equities 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 2.4 %

Shares of Decisive Dividend stock opened at C$6.43 on Thursday. Decisive Dividend has a 1-year low of C$5.51 and a 1-year high of C$11.50. The company has a market capitalization of C$124.81 million, a P/E ratio of 29.95 and a beta of 1.18. The business’s fifty day moving average price is C$6.39 and its two-hundred day moving average price is C$7.04. The company has a debt-to-equity ratio of 130.66, a current ratio of 1.95 and a quick ratio of 1.54.

Decisive Dividend (CVE:DE) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The company had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million. Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%. As a group, research analysts forecast that Decisive Dividend will post 0.3206107 EPS for the current 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.