Dexterra Group (TSE:DXT) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of 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$7.23 and traded as high as C$7.77. Dexterra Group shares last traded at C$7.76, with a volume of 27,338 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James lifted their price target on Dexterra Group from C$8.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. National Bankshares raised their price target on shares of Dexterra Group from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a report on Wednesday, February 26th.

Dexterra Group Stock Performance

The company has a market capitalization of C$490.66 million, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock’s fifty day simple moving average is C$7.82 and its 200-day simple moving average is C$7.24. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 42.46.

Dexterra Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.0875 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.35 dividend on an annualized basis and a yield of 4.54%. This is a positive change from Dexterra Group’s previous quarterly dividend of $0.09. Dexterra Group’s dividend payout ratio (DPR) is currently 178.18%.

Insider Transactions at Dexterra Group

In other news, Director Mary Garden acquired 3,700 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average cost of C$7.83 per share, with a total value of C$28,971.00. Corporate insiders own 51.55% of the company’s stock.

Dexterra Group Company Profile

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.