The stock of Dirtt Environmental Solutions Ltd (TSE:DRT) gapped up by $0.02 today and has $8.64 target or 63.00% above today’s $5.30 share price. The 7 months technical chart setup indicates low risk for the $426.19M company. The gap was reported on Nov, 7 by Barchart.com. If the $8.64 price target is reached, the company will be worth $268.50 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 186,243 shares traded hands or 32.37% up from the average. Dirtt Environmental Solutions Ltd (TSE:DRT) has declined 3.51% since April 1, 2016 and is downtrending. It has underperformed by 5.47% the S&P500.
Dirtt Environmental Solutions Ltd (TSE:DRT) Ratings Coverage
Out of 3 analysts covering DIRTT Environmental Solutions (TSE:DRT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10 is the highest target while $9 is the lowest. The $9.25 average target is 74.53% above today’s ($5.3) stock price. DIRTT Environmental Solutions has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc.
Another recent and important Dirtt Environmental Solutions Ltd (TSE:DRT) news was published by Seekingalpha.com which published an article titled: “DIRTT Environmental Solutions: Revolutionizing The Construction Industry (DRTTF)” on May 08, 2015.
DIRTT Environmental Solutions Ltd. is a maker of customized interiors. The company has a market cap of $426.19 million. The Firm combines its three-dimensional design, configuration and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It has a 33.72 P/E ratio. The Firm operates in Canada and the United States.
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