DIRTT Environmental Solutions (TSE:DRT) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of DIRTT Environmental Solutions Ltd. (TSE:DRT) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.04 and traded as high as C$1.17. DIRTT Environmental Solutions shares last traded at C$1.17, with a volume of 20,302 shares trading hands.

Analyst Ratings Changes

Separately, Cormark upgraded shares of DIRTT Environmental Solutions to a “moderate buy” rating in a report on Tuesday, January 21st.

DIRTT Environmental Solutions Trading Up 2.6 %

The company has a quick ratio of 0.87, a current ratio of 2.64 and a debt-to-equity ratio of 246.87. The stock has a market cap of C$225.77 million, a price-to-earnings ratio of -29.25, a PEG ratio of 7.25 and a beta of 1.07. The company’s fifty day moving average is C$1.04 and its two-hundred day moving average is C$0.85.

DIRTT Environmental Solutions (TSE:DRT) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.04 earnings per share (EPS) for the quarter. DIRTT Environmental Solutions had a negative net margin of 0.94% and a negative return on equity of 7.85%. On average, research analysts predict that DIRTT Environmental Solutions Ltd. will post 0.0254001 EPS for the current fiscal year.

About DIRTT Environmental Solutions

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors.