Doman Building Materials Group (TSE:DBM) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Doman Building Materials Group Ltd. (TSE:DBM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.51 and traded as high as C$10.36. Doman Building Materials Group shares last traded at C$10.24, with a volume of 88,146 shares trading hands.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Doman Building Materials Group currently has a consensus rating of “Buy” and an average price target of C$10.47.

Doman Building Materials Group Stock Down 3.8%

The company has a debt-to-equity ratio of 112.76, a quick ratio of 1.11 and a current ratio of 1.38. The business has a 50 day simple moving average of C$10.01 and a 200-day simple moving average of C$9.51. The firm has a market capitalization of C$863.16 million, a price-to-earnings ratio of 11.19 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 11.94% and a net margin of 2.44%.The firm had revenue of C$644.23 million for the quarter. On average, equities analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.