Dexterra Group (TSE:DXT) Sets New 52-Week Low at $5.31

Dexterra Group Inc. (TSE:DXT)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$5.31 and last traded at C$5.40, with a volume of 45600 shares trading hands. The stock had previously closed at C$5.40.

Analyst Upgrades and Downgrades

DXT has been the subject of a number of recent research reports. TD Securities downgraded Dexterra Group from a “buy” rating to a “hold” rating and cut their price objective for the company from C$7.50 to C$6.00 in a research note on Friday, March 8th. ATB Capital dropped their price target on Dexterra Group from C$9.00 to C$8.25 in a research note on Monday, March 11th. Scotiabank dropped their price target on Dexterra Group from C$7.00 to C$6.50 and set a “sector perform” rating for the company in a research note on Friday, May 17th. Finally, Raymond James upgraded Dexterra Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$7.00 to C$8.00 in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$7.65.

Dexterra Group Stock Up 1.7 %

The company has a fifty day moving average of C$5.71 and a two-hundred day moving average of C$5.74. The company has a market cap of C$352.18 million, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.90 and a beta of 0.99. The company has a debt-to-equity ratio of 40.87, a quick ratio of 1.28 and a current ratio of 1.33.

Dexterra Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.087 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 annualized dividend and a yield of 6.34%. Dexterra Group’s payout ratio is presently 85.37%.

Insider Activity at Dexterra Group

In related news, Director Mary Garden purchased 4,694 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average price of C$5.40 per share, for a total transaction of C$25,347.60. In other Dexterra Group news, Director Mary Garden bought 4,694 shares of Dexterra Group stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of C$5.40 per share, for a total transaction of C$25,347.60. Also, Senior Officer Mark Alan Becker bought 20,000 shares of Dexterra Group stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of C$5.48 per share, for a total transaction of C$109,500.00. In the last 90 days, insiders have purchased 28,537 shares of company stock worth $155,600. Company insiders own 51.31% of the company’s stock.

About Dexterra Group

Dexterra Group Inc engages in the provision of support services for the creation, management, and operation of infrastructure in Canada. It operates through three segments: Integrated Facilities Management (IFM); Modular Solutions; and Workforce Accommodations, Forestry and Energy Services (WAFES). The IFM segment delivers operation and maintenance solutions for built assets and infrastructure in the public and private sectors, including aviation, defense, education, rail, healthcare, and leisure.