DIRTT Environmental Solutions (TSE:DRT) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of DIRTT Environmental Solutions Ltd. (TSE:DRT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.86 and traded as low as C$0.81. DIRTT Environmental Solutions shares last traded at C$0.82, with a volume of 181,869 shares trading hands.

Wall Street Analysts Forecast Growth

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

DIRTT Environmental Solutions Stock Down 3.5%

The firm has a 50-day simple moving average of C$0.88 and a 200 day simple moving average of C$0.86. The stock has a market capitalization of C$158.59 million, a P/E ratio of -20.50, a P/E/G ratio of 7.25 and a beta of -0.19. The company has a debt-to-equity ratio of 139.08, a current ratio of 2.18 and a quick ratio of 0.87.

DIRTT Environmental Solutions Company Profile

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.