Decisive Dividend (CVE:DE) Trading Down 1.7% – Here’s Why

Decisive Dividend Co. (CVE:DE)’s share price fell 1.7% during trading on Wednesday . The company traded as low as C$5.92 and last traded at C$5.93. Approximately 2,852 shares traded hands during trading, a decline of 88% from the average daily volume of 23,081 shares. The stock had previously closed at C$6.03.

Analysts Set New Price Targets

Separately, Cormark cut shares of Decisive Dividend from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Decisive Dividend Stock Performance

The stock has a market capitalization of C$116.46 million, a P/E ratio of 27.27 and a beta of 1.18. The company has a quick ratio of 1.54, a current ratio of 1.95 and a debt-to-equity ratio of 130.66. The stock has a 50 day simple moving average of C$6.22 and a two-hundred day simple moving average of C$6.47.

Decisive Dividend (CVE:DE) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The business had revenue of C$32.24 million during the quarter, compared to analyst estimates of C$36.70 million. Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. On average, equities analysts forecast that Decisive Dividend Co. will post 0.3206107 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Jeffrey David Schellenberg bought 8,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of C$6.30 per share, for a total transaction of C$50,408.00. Over the last three months, insiders have acquired 12,350 shares of company stock valued at $77,446. 10.13% of the stock is owned by company insiders.

About Decisive Dividend

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood burning stoves, fireplace inserts, and gas fireplaces in Canada, the United States, and internationally. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries.