Doman Building Materials Group (TSE:DBM) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.51 and traded as high as C$10.36. Doman Building Materials Group shares last traded at C$10.24, with a volume of 88,146 shares.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$10.47.

Doman Building Materials Group Price Performance

The company has a quick ratio of 1.11, a current ratio of 1.38 and a debt-to-equity ratio of 112.76. The firm has a market cap of C$897.33 million, a P/E ratio of 11.64 and a beta of 1.26. The business has a fifty day moving average of C$10.01 and a 200 day moving average of C$9.51.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 11.94% and a net margin of 2.44%.The firm had revenue of C$644.23 million for the quarter. On average, sell-side analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.