Jamieson Wellness (TSE:JWEL) Stock Price Down 0.1% – What’s Next?

Shares of Jamieson Wellness Inc. (TSE:JWELGet Free Report) dropped 0.1% on Thursday . The company traded as low as C$41.74 and last traded at C$41.89. 55,886 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 88,848 shares. The stock had previously closed at C$41.93.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce set a C$43.00 target price on shares of Jamieson Wellness and gave the company an “outperform” rating in a research note on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$44.50.

Get Our Latest Stock Report on Jamieson Wellness

Jamieson Wellness Stock Up 0.3%

The company has a market cap of C$1.74 billion, a price-to-earnings ratio of 24.29 and a beta of 1.47. The stock has a 50-day simple moving average of C$37.49 and a 200-day simple moving average of C$35.94. The company has a current ratio of 3.58, a quick ratio of 1.08 and a debt-to-equity ratio of 96.64.

Jamieson Wellness (TSE:JWELGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$169.75 million for the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. As a group, analysts predict that Jamieson Wellness Inc. will post 2.1438892 EPS for the current year.

Jamieson Wellness Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio is currently 52.02%.

Jamieson Wellness Company Profile

(Get Free Report)

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.

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