Jamieson Wellness (TSE:JWEL) Shares Down 0.8% - Here's What Happened

Shares of Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) were down 0.8% during trading on Thursday . The stock traded as low as C$34.77 and last traded at C$35.00. Approximately 14,091 shares were traded during trading, a decline of 66% from the average daily volume of 41,285 shares. The stock had previously closed at C$35.27.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JWEL. BMO Capital Markets upped their price target on shares of Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday, December 19th. TD Securities boosted their price target on Jamieson Wellness from C$40.00 to C$42.00 and gave the company a "buy" rating in a report on Friday, November 8th. National Bankshares increased their price objective on Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th. Finally, Royal Bank of Canada upped their price target on Jamieson Wellness from C$37.00 to C$38.00 in a research report on Friday, November 8th.

Jamieson Wellness Stock Performance

The stock has a market capitalization of C$1.45 billion, a P/E ratio of 40.70 and a beta of 0.63. The stock has a 50 day simple moving average of C$36.11 and a two-hundred day simple moving average of C$33.62. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76.

Jamieson Wellness Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 29th. This is a positive change from Jamieson Wellness's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.40%. Jamieson Wellness's payout ratio is currently 97.67%.

Insiders Place Their Bets

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 1,300 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$37.84, for a total value of C$49,192.00. Insiders sold 11,237 shares of company stock worth $407,455 over the last three months. Insiders own 0.26% of the company's stock.

Jamieson Wellness Company Profile

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.

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