Mullen Group Ltd. (TSE:MTL - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$11.81 and last traded at C$11.89, with a volume of 76788 shares changing hands. The stock had previously closed at C$12.19.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on MTL shares. Raymond James decreased their target price on Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Scotiabank reduced their price objective on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Finally, CIBC lowered their target price on Mullen Group from C$18.00 to C$15.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mullen Group currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.53.
Read Our Latest Report on MTL
Mullen Group Stock Performance
The company has a market cap of C$1.10 billion, a PE ratio of 8.99, a P/E/G ratio of 1.81 and a beta of 1.82. The company's fifty day moving average price is C$13.07 and its 200 day moving average price is C$14.27. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.
Mullen Group Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group's payout ratio is 60.92%.
Insider Activity
In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have bought 2,832 shares of company stock valued at $37,153 in the last 90 days. Insiders own 6.32% of the company's stock.
Mullen Group Company Profile
(
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Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.
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