DIRTT Environmental Solutions (TSE:DRT) Share Price Passes Below 200-Day Moving Average – What’s Next?

DIRTT Environmental Solutions Ltd. (TSE:DRT)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.00 and traded as low as C$0.99. DIRTT Environmental Solutions shares last traded at C$0.99, with a volume of 40,539 shares changing hands.

Wall Street Analyst Weigh In

Separately, Cormark raised shares of DIRTT Environmental Solutions to a “moderate buy” rating in a report on Tuesday, January 21st.

DIRTT Environmental Solutions Stock Performance

The company has a debt-to-equity ratio of 139.08, a current ratio of 2.18 and a quick ratio of 0.87. The stock has a 50-day moving average price of C$1.03 and a 200-day moving average price of C$1.00. The company has a market capitalization of C$138.71 million, a price-to-earnings ratio of 12.19, a PEG ratio of 7.25 and a beta of 1.07.

Insiders Place Their Bets

In other news, Director Shaun Noll bought 43,500 shares of the stock in a transaction dated Friday, March 21st. The shares were bought at an average price of C$1.03 per share, for a total transaction of C$44,896.35. Company insiders own 33.35% of the company’s stock.

About DIRTT Environmental Solutions

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors.