Doman Building Materials Group (TSE:DBM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.28 and traded as high as C$9.98. Doman Building Materials Group shares last traded at C$9.82, with a volume of 166,524 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. National Bankshares boosted their price target on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Desjardins set a C$11.00 target price on Doman Building Materials Group and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus decreased their price objective on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.31.

Doman Building Materials Group Trading Down 2.1%

The stock has a market capitalization of C$842.12 million, a PE ratio of 10.92 and a beta of 1.59. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The business’s fifty day moving average is C$9.60 and its 200-day moving average is C$9.29.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$795.09 million for the quarter. Doman Building Materials Group had a return on equity of 9.41% and a net margin of 2.27%. As a group, analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.