Decisive Dividend (CVE:DE) Downgraded by Cormark to Hold

Cormark cut shares of Decisive Dividend (CVE:DE) from a moderate buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Decisive Dividend Stock Performance

CVE:DE traded up C$0.01 during mid-day trading on Thursday, hitting C$6.60. The stock had a trading volume of 4,547 shares, compared to its average volume of 24,137. Decisive Dividend has a twelve month low of C$5.51 and a twelve month 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 stock has a market cap of C$128.11 million, a price-to-earnings ratio of 29.95 and a beta of 1.18. The company’s 50 day simple moving average is C$6.39 and its 200 day simple moving average is C$7.04.

Decisive Dividend (CVE:DE) last posted its quarterly earnings data 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). The business had revenue of C$32.24 million during the quarter, compared to the consensus estimate of C$36.70 million. Decisive Dividend had a return on equity of 8.34% and a net margin of 3.32%. On average, equities research analysts forecast 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.