Cormark Downgrades Decisive Dividend (CVE:DE) to Hold

Decisive Dividend (CVE:DE) was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Decisive Dividend Price Performance

Shares of CVE:DE opened at C$6.59 on Thursday. Decisive Dividend has a 12 month low of C$5.51 and a 12 month high of C$11.50. The stock has a market cap of C$127.91 million, a price-to-earnings ratio of 29.95 and a beta of 1.18. The stock’s 50 day moving average price is C$6.39 and its 200 day moving average price is C$7.04. The company has a debt-to-equity ratio of 130.66, a current ratio of 1.95 and a quick ratio of 1.54.

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