National Bank Financial downgraded shares of Dirtt Environmental Solutions (TSE:DRT) from an outperform rating to a sector perform rating in a research note published on Monday morning, BayStreet.CA reports. National Bank Financial currently has C$5.25 price objective on the stock, down from their prior price objective of C$7.40. National Bank Financial also issued estimates for Dirtt Environmental Solutions’ Q4 2019 earnings at $0.03 EPS, FY2019 earnings at $0.07 EPS and FY2020 earnings at $0.32 EPS.
A number of other research firms have also weighed in on DRT. Raymond James reissued an outperform rating and issued a C$8.50 target price on shares of Dirtt Environmental Solutions in a report on Wednesday, September 4th. Laurentian cut their target price on shares of Dirtt Environmental Solutions from C$9.50 to C$8.25 in a report on Wednesday, September 4th.
DRT traded down C$0.18 during trading on Monday, reaching C$4.14. 471,449 shares of the company traded hands, compared to its average volume of 126,727. The company has a debt-to-equity ratio of 17.57, a quick ratio of 2.06 and a current ratio of 2.55. Dirtt Environmental Solutions has a 12-month low of C$4.00 and a 12-month high of C$9.30. The firm has a fifty day simple moving average of C$5.71 and a 200 day simple moving average of C$6.93. The company has a market cap of $370.06 million and a P/E ratio of -56.71.
Dirtt Environmental Solutions Company Profile
DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.
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