Gamehost (TSE:GH) Sets New 52-Week High Following Dividend Announcement

Gamehost Inc. (TSE:GH)’s stock price reached a new 52-week high during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as C$10.63 and last traded at C$10.61, with a volume of 500 shares. The stock had previously closed at C$10.60.

The newly announced dividend which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, October 31st. Gamehost’s dividend payout ratio (DPR) is presently 49.48%.

Gamehost Price Performance

The stock has a market cap of C$227.05 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 17.43 and a beta of 1.46. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 47.11. The business’s 50-day simple moving average is C$10.49 and its two-hundred day simple moving average is C$10.38.

Gamehost (TSE:GH) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.23 EPS for the quarter. Gamehost had a net margin of 24.78% and a return on equity of 19.14%. The company had revenue of C$20.30 million during the quarter. Sell-side analysts expect that Gamehost Inc. will post 0.9795918 EPS for the current year.

Gamehost Company Profile

Gamehost Inc, together with its subsidiaries, operates hospitality and gaming properties in Alberta. It operates through Gaming, Hotel, and Food and Beverage segments. The company's gaming activities include the operation of company owned table games, electronic gaming tables, government owned slot machines, video lottery terminals, and lottery ticket kiosks, as well as the provision of food, beverage, and entertainment services.