Decisive Dividend (CVE:DE) Cut to “Hold” at Cormark

Cormark lowered shares of Decisive Dividend (CVE:DE) from a moderate buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Decisive Dividend Stock Performance

CVE:DE opened at C$6.43 on Thursday. The firm has a market cap of C$124.81 million, a PE ratio of 29.23 and a beta of 1.18. Decisive Dividend has a fifty-two week low of C$5.51 and a fifty-two week high of C$11.50. The company has a debt-to-equity ratio of 130.66, a quick ratio of 1.54 and a current ratio of 1.95. The business has a 50 day moving average price of C$6.39 and a 200-day moving average price of C$7.00.

Decisive Dividend (CVE:DE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Decisive Dividend had a net margin of 3.32% and a return on equity of 8.34%. The company had revenue of C$32.24 million for the quarter, compared to the consensus estimate of C$36.70 million. Equities research analysts predict that Decisive Dividend will post 0.3206107 earnings per share for the current year.

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.