ADF Group (TSE:DRX) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of ADF Group Inc. (TSE:DRX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.25 and traded as high as C$8.40. ADF Group shares last traded at C$8.33, with a volume of 49,441 shares trading hands.

ADF Group Trading Down 0.1%

The company’s 50 day simple moving average is C$8.27 and its 200 day simple moving average is C$8.25. The company has a debt-to-equity ratio of 28.51, a current ratio of 2.22 and a quick ratio of 1.74. The firm has a market cap of C$237.85 million, a price-to-earnings ratio of 8.25 and a beta of -1.32.

ADF Group (TSE:DRX) last released its earnings results on Thursday, December 11th. The company reported C$0.36 earnings per share for the quarter. ADF Group had a net margin of 16.60% and a return on equity of 35.82%. The firm had revenue of C$71.41 million for the quarter. As a group, research analysts expect that ADF Group Inc. will post 0.2 earnings per share for the current fiscal year.

About ADF Group

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company’s products and services intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators.