ADF Group (TSE:DRX) Share Price Passes Below 200 Day Moving Average – Here’s Why

ADF Group Inc. (TSE:DRXGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.81 and traded as low as C$9.52. ADF Group shares last traded at C$9.74, with a volume of 54,898 shares trading hands.

ADF Group Price Performance

The company has a current ratio of 2.11, a quick ratio of 1.74 and a debt-to-equity ratio of 32.32. The company has a market capitalization of C$175.15 million, a P/E ratio of 6.00 and a beta of 0.57. The company has a 50 day moving average price of C$9.67 and a 200 day moving average price of C$11.76.

About ADF Group

(Get Free Report)

ADF Group Inc engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures and heavy steel built-ups, as well as miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures.

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