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) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.08 and traded as high as C$9.59. Doman Building Materials Group shares last traded at C$9.53, with a volume of 22,248 shares trading hands.

Analyst Ratings Changes

DBM has been the topic of several analyst reports. National Bankshares raised their price target on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Desjardins set a C$11.00 target price on Doman Building Materials Group and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Stifel Nicolaus cut their price target on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$10.31.

Doman Building Materials Group Trading Down 0.4%

The firm has a market cap of C$835.11 million, a price-to-earnings ratio of 10.83 and a beta of 1.46. The company’s 50-day moving average price is C$9.07 and its 200-day moving average price is C$9.09. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.21 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. The firm had revenue of C$795.09 million for the quarter. Equities analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current fiscal year.

About Doman Building Materials Group

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.