Dirtt Environmental Solutions (DRT) Shares Down 0.7% on Analyst Downgrade

Dirtt Environmental Solutions Ltd (TSE:DRT)’s share price fell 0.7% on Thursday after Beacon Securities downgraded the stock from a buy rating to a hold rating. The stock traded as low as C$5.32 and last traded at C$5.49. 822,477 shares traded hands during trading, a decline of 43% from the average session volume of 1,450,422 shares. The stock had previously closed at C$5.53.

Several other equities analysts have also recently weighed in on the company. Laurentian lowered their target price on Dirtt Environmental Solutions from C$8.75 to C$7.50 in a research note on Wednesday. Raymond James Financial lowered Dirtt Environmental Solutions from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$10.00 to C$8.00 in a report on Wednesday.

The stock has a market cap of $453.90, a price-to-earnings ratio of 108.00 and a beta of 1.16.

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Dirtt Environmental Solutions Company Profile

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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