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

ADF Group Inc. (TSE:DRX)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.00 and traded as high as C$14.99. ADF Group shares last traded at C$14.66, with a volume of 149,383 shares trading hands.

ADF Group Stock Up 4.3%

The stock has a market cap of C$418.59 million, a price-to-earnings ratio of 13.96 and a beta of -0.29. The business’s 50 day moving average is C$11.37 and its 200-day moving average is C$10.00. The company has a debt-to-equity ratio of 20.56, a quick ratio of 1.74 and a current ratio of 2.20.

ADF Group (TSE:DRX) last posted its quarterly earnings data on Tuesday, June 9th. The company reported C$0.42 earnings per share for the quarter. ADF Group had a net margin of 9.79% and a return on equity of 16.30%. The company had revenue of C$99.26 million during the quarter. On average, sell-side analysts predict that ADF Group Inc. will post 0.2 EPS for the current fiscal 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.