DATA Communications Management (TSE:DCM) Trading Down 3.8% – Here’s Why

DATA Communications Management Corp. (TSE:DCM) shares traded down 3.8% during trading on Monday . The company traded as low as C$2.02 and last traded at C$2.02. 21,114 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 55,885 shares. The stock had previously closed at C$2.10.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price objective on DATA Communications Management from C$10.00 to C$11.00 in a research note on Monday, November 11th.

DATA Communications Management Trading Down 3.8 %

The stock’s 50-day simple moving average is C$2.28 and its two-hundred day simple moving average is C$2.62. The company has a debt-to-equity ratio of 596.50, a current ratio of 1.49 and a quick ratio of 0.83. The firm has a market capitalization of C$111.73 million, a P/E ratio of -20.20 and a beta of 3.42.

DATA Communications Management (TSE:DCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.06). The business had revenue of C$108.73 million during the quarter, compared to analysts’ expectations of C$120.38 million. DATA Communications Management had a negative return on equity of 11.59% and a negative net margin of 0.99%. Equities research analysts expect that DATA Communications Management Corp. will post 0.4398734 EPS for the current year.

About DATA Communications Management

DATA Communications Management Corp is a communication solutions partner that adds value for major companies across North America by creating more meaningful connections with their customers. It pairs customer insights and thought leadership with cutting-edge products, modular enabling technology and services to power its clients’ go-to market strategies.