Maple Leaf Foods (TSE:MFI) Hits New 52-Week Low - Time to Sell?

Maple Leaf Foods Inc. (TSE:MFI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$20.11 and last traded at C$20.32, with a volume of 263108 shares traded. The stock had previously closed at C$20.34.

Analyst Ratings Changes

Several research analysts have recently commented on MFI shares. TD Securities lowered their price objective on shares of Maple Leaf Foods from C$35.00 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. National Bankshares decreased their target price on Maple Leaf Foods from C$28.00 to C$26.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$29.93.

Maple Leaf Foods Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 132.03. The stock has a fifty day moving average of C$22.16 and a two-hundred day moving average of C$22.75. The stock has a market cap of C$2.50 billion, a price-to-earnings ratio of 225.67, a price-to-earnings-growth ratio of 18.07 and a beta of 0.47.

Maple Leaf Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.33%. Maple Leaf Foods's dividend payout ratio (DPR) is presently 977.78%.

Insider Buying and Selling

In related news, Director Linda Mantia bought 4,498 shares of Maple Leaf Foods stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of C$22.23 per share, with a total value of C$99,990.54. Insiders own 39.87% of the company's stock.

About Maple Leaf Foods

Maple Leaf Foods Inc produces food products in the United States, Canada, Japan, China, and internationally. The company operates through Meat Protein Group and Plant Protein Group segments. It produces various food products, including prepared meats, ready-to-cook and ready-to-serve meals, fresh pork and poultry, and plant protein products; bacon, hams, wieners, and meat snacks; a variety of delicatessen products; and processed chicken products, such as fully cooked chicken breasts and wings, processed turkey products, specialty sausages, cooked meats, sliced meats, cooked sausage products, lunch kits, and canned meats.