Mullen Group (TSE:MTL) Sets New 52-Week Low - What's Next?

Mullen Group Ltd. (TSE:MTL - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$12.45 and last traded at C$12.45, with a volume of 8319 shares traded. The stock had previously closed at C$12.50.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Scotiabank reduced their price objective on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark cut their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. National Bankshares increased their target price on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Finally, Raymond James dropped their price target on shares of Mullen Group from C$18.50 to C$17.50 in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.84.

Mullen Group Price Performance

The firm has a market capitalization of C$1.09 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.81 and a beta of 1.82. The stock's 50 day simple moving average is C$13.42 and its 200 day simple moving average is C$14.35. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 6.89%. Mullen Group's payout ratio is currently 60.92%.

Insider Buying and Selling at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders bought a total of 2,832 shares of company stock valued at $37,153 in the last ninety days. Corporate insiders own 6.32% of the company's stock.

Mullen Group Company Profile

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.