ADF Group (TSE:DRX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

ADF Group Inc. (TSE:DRX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.93 and traded as high as C$9.93. ADF Group shares last traded at C$9.74, with a volume of 22,306 shares trading hands.

ADF Group Price Performance

The stock has a market cap of C$278.11 million, a price-to-earnings ratio of 10.47 and a beta of -0.79. The business’s 50-day simple moving average is C$9.70 and its two-hundred day simple moving average is C$8.93. The company has a debt-to-equity ratio of 22.67, a current ratio of 2.21 and a quick ratio of 1.74.

ADF Group (TSE:DRX) last issued its quarterly earnings results on Thursday, April 16th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$78.79 million for the quarter. ADF Group had a net margin of 10.17% and a return on equity of 15.07%. Research analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current year.

About ADF Group

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.