ADENTRA (TSE:ADEN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

ADENTRA Inc. (TSE:ADEN)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $35.74 and traded as high as $37.30. ADENTRA shares last traded at $36.33, with a volume of 62,011 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADEN. Stifel Nicolaus raised their target price on ADENTRA from C$48.00 to C$54.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Desjardins lifted their price target on ADENTRA from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. TD increased their price target on ADENTRA from C$46.00 to C$48.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Acumen Capital lifted their target price on shares of ADENTRA from C$48.00 to C$50.00 in a research note on Friday, August 7th. Finally, Scotia boosted their target price on shares of ADENTRA from C$47.00 to C$49.00 and gave the company a “sector outperform” rating in a report on Monday, August 10th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

ADENTRA Trading Up 1.7%

The stock has a market capitalization of $915.98 million, a PE ratio of 13.94 and a beta of 1.27. The firm’s fifty day moving average is $35.44 and its 200-day moving average is $35.74.

ADENTRA (TSE:ADEN) last announced its earnings results on Wednesday, August 5th. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $607.13 million for the quarter, compared to analysts’ expectations of $838.14 million. ADENTRA had a return on equity of 10.11% and a net margin of 2.98%. As a group, equities analysts predict that ADENTRA Inc. will post 4.71 EPS for the current year.

ADENTRA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, October 19th. ADENTRA’s dividend payout ratio is currently 16.61%.

About ADENTRA

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.