D-BOX Technologies (TSE:DBO) Shares Cross Below 200 Day Moving Average – Here’s Why

D-BOX Technologies Inc. (TSE:DBO – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.99 and traded as low as C$0.72. D-BOX Technologies shares last traded at C$0.88, with a volume of 4,930,458 shares changing hands.

D-BOX Technologies Stock Performance

The stock has a market capitalization of C$195.52 million, a price-to-earnings ratio of 11.14 and a beta of 1.45. The company has a quick ratio of 1.07, a current ratio of 4.88 and a debt-to-equity ratio of 10.12. The stock’s 50-day simple moving average is C$1.10 and its 200 day simple moving average is C$0.99.

D-BOX Technologies (TSE:DBO – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$0.01 earnings per share for the quarter. D-BOX Technologies had a return on equity of 57.66% and a net margin of 31.78%. The firm had revenue of C$13.40 million during the quarter. Analysts expect that D-BOX Technologies Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at D-BOX Technologies

In related news, Director Brigitte Bourque sold 57,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$1.10, for a total value of C$63,250.00. Following the completion of the sale, the director owned 338,850 shares of the company’s stock, valued at C$372,735. This trade represents a 14.51% decrease in their ownership of the stock. 10.74% of the stock is currently owned by corporate insiders.

About D-BOX Technologies

(Get Free Report)

D-BOX redefines and creates realistic, immersive and haptic entertainment experiences by providing whole-body feedback and stimulating the imagination through movement. Haptics essentially allows for sensations that would be perceived if the body were to interact directly with physical objects. This expertise explains why D-BOX has collaborated with some of the world’s best companies to tell captivating stories. Whether it be movies, video games, virtual reality applications, themed entertainment or professional simulators, D-BOX’s mission is to make the world live and vibrate like never before.

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