DIRTT Environmental Solutions (TSE:DRT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of DIRTT Environmental Solutions Ltd. (TSE:DRTGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.87 and traded as low as C$0.82. DIRTT Environmental Solutions shares last traded at C$0.83, with a volume of 1,141 shares traded.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded DIRTT Environmental Solutions to a “moderate buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, DIRTT Environmental Solutions has a consensus rating of “Buy”.

Check Out Our Latest Research Report on DIRTT Environmental Solutions

DIRTT Environmental Solutions Trading Up 1.2%

The company has a debt-to-equity ratio of 139.08, a current ratio of 2.18 and a quick ratio of 0.87. The firm has a market capitalization of C$160.53 million, a PE ratio of -20.75, a P/E/G ratio of 7.25 and a beta of -0.19. The company’s fifty day simple moving average is C$0.89 and its 200-day simple moving average is C$0.87.

DIRTT Environmental Solutions (TSE:DRTGet Free Report) last released its earnings results on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. DIRTT Environmental Solutions had a return on equity of 42.34% and a net margin of 6.63%.The company had revenue of C$52.52 million for the quarter. As a group, sell-side analysts expect that DIRTT Environmental Solutions Ltd. will post 0.0254001 earnings per share for the current fiscal year.

About DIRTT Environmental Solutions

(Get Free Report)

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. DIRTT operates its activity through the U.S and Canada of which, the United States generates a majority of revenue.

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