Dirtt Environmental Solutions (TSE:DRT) Stock Price Passes Above 50-Day Moving Average of $6.99

Dirtt Environmental Solutions Ltd (TSE:DRT) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.99 and traded as high as $6.80. Dirtt Environmental Solutions shares last traded at $6.79, with a volume of 77,814 shares.

Several brokerages recently commented on DRT. 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 research note on Thursday, August 1st. Beacon Securities downgraded shares of Dirtt Environmental Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Industrial Alliance Securities decreased 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 research note 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 issued a strong buy rating to the company. Dirtt Environmental Solutions presently has an average rating of “Buy” and an average price target of C$9.38.

The company has a debt-to-equity ratio of 17.57, a current ratio of 2.55 and a quick ratio of 2.06. The firm’s 50 day moving average is C$6.97 and its 200 day moving average is C$7.74. The company has a market capitalization of $563.02 million and a PE ratio of -93.56.

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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