DIRTT Environmental Solutions (TSE:DRT) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

DIRTT Environmental Solutions Ltd. (TSE:DRT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.87 and traded as low as C$0.84. DIRTT Environmental Solutions shares last traded at C$0.87, with a volume of 57,816 shares traded.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded shares of DIRTT Environmental Solutions to a “moderate buy” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

DIRTT Environmental Solutions Stock Performance

The firm has a fifty day moving average of C$0.95 and a 200 day moving average of C$0.87. The company has a debt-to-equity ratio of 139.08, a current ratio of 2.18 and a quick ratio of 0.87. The stock has a market capitalization of C$168.26 million, a price-to-earnings ratio of -21.75, a price-to-earnings-growth ratio of 7.25 and a beta of 0.21.

DIRTT Environmental Solutions (TSE:DRT) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$52.52 million during the quarter. DIRTT Environmental Solutions had a net margin of 6.63% and a return on equity of 42.34%. On average, sell-side analysts anticipate that DIRTT Environmental Solutions Ltd. will post 0.0254001 earnings per share for the current fiscal year.

About DIRTT Environmental Solutions

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S and Canada of which, the United States generates a majority of revenue.