Propel (TSE:PRL) Shares Down 9.9%

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) fell 9.9% on Friday . The company traded as low as $27.87 and last traded at $27.99. 89,405 shares were traded during mid-day trading, an increase of 19% from the average session volume of 75,404 shares. The stock had previously closed at $31.05.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their target price on Propel from C$26.50 to C$28.00 in a report on Thursday, August 8th.

Propel Trading Down 10.1 %

The firm has a market cap of $959.27 million, a price-to-earnings ratio of 19.83 and a beta of 1.81. The firm has a 50-day moving average of $26.95 and a two-hundred day moving average of $20.71.

Propel (TSE:PRL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Propel had a return on equity of 36.84% and a net margin of 10.17%. The company had revenue of $146.06 million during the quarter, compared to analysts' expectations of $137.00 million. As a group, equities analysts anticipate that Propel Holdings Inc. will post 5.2716469 EPS for the current year.

Propel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a dividend yield of 2.01%. Propel's payout ratio is 39.72%.

Propel Company Profile

Propel Holdings Inc operates as a financial technology company. The company's lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.