Jamieson Wellness (TSE:JWEL) Shares Down 0.4% - What's Next?

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s stock price dropped 0.4% during trading on Tuesday . The company traded as low as C$29.50 and last traded at C$29.80. Approximately 136,498 shares changed hands during mid-day trading, an increase of 56% from the average daily volume of 87,546 shares. The stock had previously closed at C$29.92.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JWEL. BMO Capital Markets increased their target price on Jamieson Wellness from C$42.00 to C$46.00 in a research report on Thursday, December 19th. Royal Bank of Canada raised their target price on Jamieson Wellness from C$38.00 to C$41.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th.

Jamieson Wellness Trading Up 1.9 %

The company has a debt-to-equity ratio of 75.70, a quick ratio of 1.08 and a current ratio of 2.76. The business has a 50 day simple moving average of C$30.39 and a 200-day simple moving average of C$33.68. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 32.12 and a beta of 0.63.

Jamieson Wellness Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.75%. Jamieson Wellness's dividend payout ratio (DPR) is presently 88.26%.

Insider Activity

In other Jamieson Wellness news, Senior Officer Joel Scales bought 1,906 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of C$28.34 per share, with a total value of C$54,016.04. Also, Director Michael Al Pilato sold 16,582 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$28.62, for a total transaction of C$474,571.87. 0.26% of the stock is currently owned by corporate insiders.

Remove Ads

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.