Dirtt Environmental Solutions (TSE:DRT) Shares Pass Below 50-Day Moving Average of $7.30

Dirtt Environmental Solutions Ltd (TSE:DRT) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.30 and traded as low as $6.54. Dirtt Environmental Solutions shares last traded at $6.59, with a volume of 20,700 shares traded.

A number of equities research analysts have weighed in on the stock. Raymond James set a C$10.00 target price on shares of Dirtt Environmental Solutions and gave the stock a “strong-buy” rating in a report on Thursday, August 1st. Beacon Securities lowered shares of Dirtt Environmental Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, Industrial Alliance Securities reduced their target price on shares of Dirtt Environmental Solutions from C$9.50 to C$8.50 and set a “hold” rating on the stock in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Dirtt Environmental Solutions has an average rating of “Buy” and a consensus price target of C$9.38.

The company has a quick ratio of 2.06, a current ratio of 2.55 and a debt-to-equity ratio of 17.57. The firm has a market capitalization of $574.88 million and a PE ratio of -92.05. The business has a fifty day moving average of C$7.28.

Dirtt Environmental Solutions Company Profile (TSE:DRT)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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