Dirtt Environmental Solutions (DRT) Hits New 12-Month High Following Analyst Upgrade

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Dirtt Environmental Solutions Ltd (TSE:DRT) shares reached a new 52-week high during trading on Thursday after Raymond James raised their price target on the stock from C$8.00 to C$8.75. Raymond James currently has an outperform rating on the stock. Dirtt Environmental Solutions traded as high as C$7.15 and last traded at C$7.01, with a volume of 565424 shares changing hands. The stock had previously closed at C$6.94.

Separately, Industrial Alliance Securities raised their target price on shares of Dirtt Environmental Solutions from C$7.50 to C$8.00 in a research report on Thursday, August 9th.

In other news, Director John Francis Elliott purchased 7,700 shares of the stock in a transaction dated Wednesday, September 19th. The shares were acquired at an average cost of C$6.47 per share, for a total transaction of C$49,819.00. Also, insider Geoffrey William Gosling sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of C$6.55, for a total transaction of C$458,500.00. In the last three months, insiders have acquired 25,300 shares of company stock worth $151,751 and have sold 611,503 shares worth $3,936,304.

Dirtt Environmental Solutions (TSE:DRT) last released its quarterly earnings results on Wednesday, August 8th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.03). Dirtt Environmental Solutions had a net margin of 4.97% and a return on equity of 9.60%. The firm had revenue of C$80.67 million during the quarter, compared to the consensus estimate of C$82.29 million.

Dirtt Environmental Solutions Company Profile (TSE:DRT)

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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