Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.80 and traded as high as C$15.47. Mullen Group shares last traded at C$15.34, with a volume of 90,663 shares.
Analyst Ratings Changes
A number of research firms have weighed in on MTL. CIBC boosted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. Cormark boosted their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. BMO Capital Markets boosted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Raymond James boosted their price objective on shares of Mullen Group from C$17.25 to C$18.75 in a research note on Friday, October 25th. Finally, TD Securities reduced their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$18.86.
Check Out Our Latest Research Report on Mullen Group
Mullen Group Stock Performance
The firm's fifty day moving average is C$14.44 and its 200-day moving average is C$13.81. The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.
Mullen Group Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of ∞. Mullen Group's dividend payout ratio is 62.69%.
Mullen Group Company Profile
(
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Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.
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