Jamieson Wellness (TSE:JWEL) Reaches New 1-Year High - Should You Buy?

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$38.00 and last traded at C$37.88, with a volume of 14489 shares trading hands. The stock had previously closed at C$37.70.

Wall Street Analyst Weigh In

JWEL has been the topic of several research analyst reports. National Bankshares raised their price objective on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. TD Securities increased their price target on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th.

Jamieson Wellness Stock Up 0.2 %

The stock's fifty day simple moving average is C$35.51 and its 200-day simple moving average is C$32.53. The stock has a market cap of C$1.57 billion, a P/E ratio of 43.94 and a beta of 0.63. The company has a debt-to-equity ratio of 92.76, a quick ratio of 1.08 and a current ratio of 3.21.

Jamieson Wellness Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.21 dividend. This is a boost from Jamieson Wellness's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, November 29th. Jamieson Wellness's payout ratio is 97.67%.

Insider Buying and Selling

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 6,300 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$35.69, for a total value of C$224,847.00. Insiders have sold 11,237 shares of company stock valued at $407,455 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.