ADF Group (TSE:DRX) Stock Passes Above 50-Day Moving Average – Time to Sell?

ADF Group Inc. (TSE:DRX)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$13.37 and traded as high as C$18.00. ADF Group shares last traded at C$17.99, with a volume of 50,655 shares traded.

ADF Group Price Performance

The business’s 50 day moving average price is C$13.37 and its 200 day moving average price is C$10.85. The stock has a market capitalization of C$513.67 million, a P/E ratio of 17.13 and a beta of -0.61. The company has a debt-to-equity ratio of 20.56, a current ratio of 2.20 and a quick ratio of 1.74.

ADF Group (TSE:DRX) last posted its earnings results on Tuesday, June 9th. The company reported C$0.42 EPS for the quarter. The business had revenue of C$99.26 million during the quarter. ADF Group had a net margin of 9.79% and a return on equity of 16.30%. Sell-side analysts forecast that ADF Group Inc. will post 0.2 EPS for the current year.

ADF Group Company Profile

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.