Dirtt Environmental Solutions Ltd’s Big Gap Up Today Points to Less Stock Risks

 Dirtt Environmental Solutions Ltd's Big Gap Up Today Points to Less Stock Risks

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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