ADF Group (TSE:DRX) Stock Price Up 24.2% – Here’s What Happened

Shares of ADF Group Inc. (TSE:DRX) rose 24.2% during mid-day trading on Tuesday . The stock traded as high as C$13.00 and last traded at C$12.78. Approximately 370,647 shares changed hands during trading, an increase of 483% from the average daily volume of 63,572 shares. The stock had previously closed at C$10.29.

ADF Group Stock Up 4.8%

The company’s fifty day moving average price is C$10.30 and its 200-day moving average price is C$9.42. The stock has a market capitalization of C$418.30 million, a PE ratio of 15.75 and a beta of -0.29. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 20.56.

ADF Group (TSE:DRX) last released its earnings results on Tuesday, June 9th. The company reported C$0.42 earnings per share (EPS) for the quarter. ADF Group had a net margin of 9.79% and a return on equity of 16.30%. The firm had revenue of C$99.26 million during the quarter. Analysts forecast that ADF Group Inc. will post 0.2 earnings per share for the current year.

About ADF Group

ADF Group Inc is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.