DIRTT Environmental Solutions (TSE:DRT) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of DIRTT Environmental Solutions Ltd. (TSE:DRT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.95 and traded as low as C$0.91. DIRTT Environmental Solutions shares last traded at C$0.99, with a volume of 96,441 shares.

Analysts Set New Price Targets

Separately, Cormark raised shares of DIRTT Environmental Solutions to a “moderate buy” rating in a report on Tuesday, January 21st.

DIRTT Environmental Solutions Stock Up 8.8 %

The firm has a market cap of C$134.63 million, a price-to-earnings ratio of 11.84, a P/E/G ratio of 7.25 and a beta of 1.07. The firm’s fifty day moving average is C$1.10 and its two-hundred day moving average is C$0.95. The company has a debt-to-equity ratio of 139.08, a current ratio of 2.18 and a quick ratio of 0.87.

DIRTT Environmental Solutions Company Profile

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors.