ADF Group (TSE:DRX) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

ADF Group Inc. (TSE:DRX)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$13.37 and traded as high as C$18.00. ADF Group shares last traded at C$17.99, with a volume of 50,655 shares.

ADF Group Stock Performance

The business’s fifty day moving average is C$13.37 and its 200-day moving average is C$10.85. The company has a quick ratio of 1.74, a current ratio of 2.20 and a debt-to-equity ratio of 20.56. The company has a market cap of C$513.67 million, a PE ratio of 17.13 and a beta of -0.61.

ADF Group (TSE:DRX) last announced its earnings results on Tuesday, June 9th. The company reported C$0.42 EPS for the quarter. ADF Group had a net margin of 9.79% and a return on equity of 16.30%. The business had revenue of C$99.26 million during the quarter. As a group, research analysts predict that ADF Group Inc. will post 0.2 EPS for the current fiscal 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.