Jamieson Wellness (TSE:JWEL) Trading Up 0.1%

Shares of Jamieson Wellness Inc. (TSE:JWEL) shot up 0.1% during trading on Monday . The stock traded as high as C$26.21 and last traded at C$26.19. 41,872 shares were traded during mid-day trading, a decline of 49% from the average session volume of 82,649 shares. The stock had previously closed at C$26.16.

Analyst Upgrades and Downgrades

Several brokerages have commented on JWEL. National Bankshares decreased their price target on shares of Jamieson Wellness from C$38.50 to C$36.00 in a research report on Thursday, March 14th. CIBC dropped their price target on shares of Jamieson Wellness from C$32.00 to C$28.00 in a research note on Friday, March 15th. TD Securities downgraded shares of Jamieson Wellness from an “action list buy” rating to a “buy” rating and dropped their price target for the stock from C$42.00 to C$39.00 in a research note on Thursday, March 14th. Eight Capital dropped their price target on shares of Jamieson Wellness from C$46.00 to C$38.00 in a research note on Thursday, March 14th. Finally, Scotiabank dropped their price target on shares of Jamieson Wellness from C$32.00 to C$29.00 in a research note on Thursday, March 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jamieson Wellness has an average rating of “Moderate Buy” and an average target price of C$35.47.

Jamieson Wellness Trading Down 0.8 %

The company has a debt-to-equity ratio of 91.51, a current ratio of 2.70 and a quick ratio of 1.08. The business’s 50 day moving average is C$28.00 and its 200 day moving average is C$28.46. The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of 24.23 and a beta of 0.57.

Jamieson Wellness Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.90%. Jamieson Wellness’s payout ratio is currently 70.37%.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.