What’s Propelling ADF Group, Inc. to Decline So Much?

 What's Propelling ADF Group, Inc. to Decline So Much?

The stock of ADF Group, Inc. (TSE:DRX) is a huge mover today! The stock last traded at $2.95 per share. It is down 1.99% since March 29, 2016 and is downtrending. It has underperformed by 4.52% the S&P500.
The move comes after 9 months negative chart setup for the $52.86M company. It was reported on Nov, 2 by Barchart.com. We have $2.54 PT which if reached, will make TSE:DRX worth $7.40 million less.

Another recent and important ADF Group, Inc. (TSE:DRX) news was published by Miamiherald.com which published an article titled: “ADF International: Canadian steel fabricator is backbone of major construction …” on December 08, 2014.

ADF Group Inc. is a Canada-based company, which is engaged in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company has a market cap of $52.86 million. The Company’s services and products intends for the five principal divisions of the non-residential construction market: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes and transport infrastructures. It has a 28.49 P/E ratio. It serves client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators.

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