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Tag: DRTT

  • Why DIRTT Environmental Solutions Ltd. (DRTT) stock performed well on Thursday?

    DIRTT Environmental Solutions Ltd. (DRTT) shares gained 1.75% in after-hours on Thursday, July 15, 2021, and closed at $4.65 per share. Earlier in the morning session, DRTT’s stock gained 7.78% to close Thursday’s session at $4.57. DRTT shares have risen 311.71% over the last 12 months, and they have moved up 9.33% in the past week. Over the past three months, the stock has gained 51.83%, while over the past six months, it has declined 101.32%.

    Let’s have a look at its recent news and developments.

    Upcoming financial results announcement

    DIRTT Environmental Solutions Ltd will release its second-quarter 2021 financial results on Wednesday, August 4, 2021, after markets close.

    New appointment

    On July 09, 2021, the Board of Directors of DIRTT Environmental Solutions Ltd appointed Todd Lillibridge as Chair of the Board of DIRTT, replacing Steven Parry who plans to retire from the Board next May in connection with the Company’s 2022 annual meeting of shareholders.

    DIRTT aggressive approach against Falkbuilt

    On June 24, 2021, DIRTT Environmental Solutions Ltd expanded its court cases against Falkbuilt and continues to aggressively pursue Smed, Loberg, and Falkbuilt via four separate lawsuits across North America, as outlined below.

    DIRTT’s U.S. operating subsidiary filed a federal lawsuit in the U.S. District Court for the Northern District of Texas (Case No: 3:21-CV-1483) against Falkbuilt (the “Texas Litigation”). The lawsuit alleges that Falkbuilt has unlawfully used DIRTT’s confidential information in the United States and intentionally caused confusion in the United States in an attempt to steal customers, opportunities, and business intelligence, to establish a competing business in the United States market.

    Falkbuilt is a company started by two of DIRTT’s founders MogensSmed and Barrie Loberg).

    More investment by DIRTT in U.S manufacturing

    On June 08, 2021, DIRTT Environmental Solutions Ltd announced the opening of their newest manufacturing plant located in Rock Hill, within York County, South Carolina. The company’s other manufacturing facilities are located in Phoenix, Arizona, Savannah, Georgia, and Calgary, Alberta, serving clients across the United States and Canada.

    DIRTT ESG report

    On June 03, 2021, DIRTT Environmental Solutions Ltd released its inaugural Environmental, Social, and Governance (ESG) report.

    At the ESG report release, the DIRTT chief executive officer Kevin O’Meara said that at DIRTT, their vision is to bring dynamic spaces to life through sustainable construction that enhances the working, learning, and healing experiences of the people who use them.

    Conclusion

    Well, as of this writing, there is no recent news or development which could justify its good performance on Thursday. we hope that DIRTT will continue to perform well on Friday as well.

  • Top 3 Stocks to Watch As Weak GDP Numbers Sink Markets

    Top 3 Stocks to Watch As Weak GDP Numbers Sink Markets

    The markets continue to trade in negative territory, due to the weak GDP economic data released earlier in the day.  The data is indicative of an economy that has been significantly hit by the COVID-19 pandemic. Given that there is no vaccine or cure available, it indicates that in the near-term, demand could remain low, and most companies might continue reporting lower financial numbers.

    Key indices are already in the red, with Dow 30 taking the biggest hit to trade lower by over 1%. However, even in this environment, there are stocks that are in significant gains. Some of the biggest gainers this afternoon are as below:

    Taoping Inc [NASDAQ:TAOP]

    Taoping Inc is one of the biggest gainers this afternoon and is up over 400%. This stock’s massive gains come after the company announced that it had upgraded its Taoping Smart Cloud platform and that it was now in the market. The company stated that the upgraded platform has been optimized to handle transaction systems, data monitoring, and ad publishing among other features.

    The company added that with the platform, it was in a position to offer better user experience and flexibility. The kicker is that the platform will help the company expand its partner model. CEO Jianghuai Lin has stated that the platform will help boost the company’s cash flows by a significant margin.

    Precipio Inc [NASDAQ:PRPO]

    This is another big gainer in the day and is up by over 290%. This rally follows the company’s announcement that it had launched a commercial COVID-19 antibody test. The company’s management stated that it had entered into a partnership with ADS Biotech for the distribution of COVID-19 serology antibody tests. The company further stated that it will do a test-run in August. CEO Ilan Danieli stated that the company was happy with the partnership and that it would help with the distribution of the test, both in the U.S and globally.

    DIRTT Environment Solutions Ltd [NASDAQ:DRTT]

    DIRTT Environment Solutions Ltd is another top gainer this afternoon and is up by over 60%. This comes after the company reported strong Q2 financial results.

    The company stated that revenues for the quarter stood at $42.2 million. It also reported gross profit margins of 33.7% and a cash balance of $44.6 million. The company’s management stated that the strong results were the result of the continuous implementation of its strategic plan. CEO Herman Miller stated that they were looking to further strengthen their commercial capabilities. He added that early in the month, they launched Make Space for Possibilities™, a strategic marketing campaign for this goal.