Dirtt Environmental Solutions (DRT) Reaches New 52-Week Low Following Analyst Downgrade
Dirtt Environmental Solutions Ltd (TSE:DRT)’s share price hit a new 52-week low during trading on Thursday after National Bank Financial lowered their price target on the stock from C$8.25 to C$7.50. National Bank Financial currently has an outperform rating on the stock. Dirtt Environmental Solutions traded as low as C$4.39 and last traded at C$4.85, with a volume of 853168 shares trading hands. The stock had previously closed at C$5.25.
A number of other equities analysts have also commented on the company. Beacon Securities lowered Dirtt Environmental Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Laurentian dropped their price target on Dirtt Environmental Solutions from C$8.75 to C$7.50 in a research note on Wednesday, January 3rd. Finally, Raymond James Financial lowered Dirtt Environmental Solutions from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$10.00 to C$8.00 in a research note on Wednesday, January 3rd.
The stock has a market capitalization of $431.23, a P/E ratio of 93.20 and a beta of 0.96.
About Dirtt Environmental Solutions
DIRTT Environmental Solutions Ltd. is a manufacturer of customized interiors. The Company combines its three-dimensional (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.
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