DIRTT Environmental Solutions (TSE:DRT) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

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 traded.

Analysts Set New Price Targets

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

DIRTT Environmental Solutions Stock Performance

The company has a 50-day simple moving average of C$1.05 and a two-hundred day simple moving average of C$0.86. The company has a debt-to-equity ratio of 246.87, a quick ratio of 0.87 and a current ratio of 2.64. The firm has a market capitalization of C$221.92 million, a P/E ratio of -28.75, a PEG ratio of 7.25 and a beta of 1.07.

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