ADF Group (TSE:DRX) Shares Up 24.2% – Here’s Why

ADF Group Inc. (TSE:DRX)’s stock price traded up 24.2% during mid-day trading on Tuesday . The stock traded as high as C$13.00 and last traded at C$12.78. 370,647 shares traded hands during mid-day trading, an increase of 483% from the average session volume of 63,572 shares. The stock had previously closed at C$10.29.

ADF Group Price Performance

The company has a debt-to-equity ratio of 22.67, a quick ratio of 1.74 and a current ratio of 2.21. The firm has a fifty day simple moving average of C$10.12 and a 200 day simple moving average of C$9.32. The company has a market capitalization of C$381.18 million, a PE ratio of 14.35 and a beta of -0.29.

ADF Group (TSE:DRX) last posted its quarterly earnings results on Tuesday, June 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$99.26 million for the quarter. ADF Group had a return on equity of 15.07% and a net margin of 10.17%. Equities analysts anticipate that ADF Group Inc. will post 0.2 EPS for the current year.

ADF Group Company Profile

ADF Group Inc is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.