Morneau Shepell Inc. (MSI.TO) (TSE:MSI) Reaches New 1-Year Low at $0.03

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Shares of Morneau Shepell Inc. (MSI.TO) (TSE:MSI) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 82164 shares trading hands. The stock had previously closed at C$32.00.

A number of research firms have issued reports on MSI. National Bank Financial restated an “outperfrom under weight” rating on shares of Morneau Shepell Inc. (MSI.TO) in a report on Tuesday, November 10th. Scotiabank reduced their target price on shares of Morneau Shepell Inc. (MSI.TO) from C$36.00 to C$35.00 in a research note on Friday, October 30th. Finally, TD Securities increased their target price on shares of Morneau Shepell Inc. (MSI.TO) from C$34.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, November 12th.

The firm has a market cap of C$2.17 million and a price-to-earnings ratio of 47.27. The stock’s 50 day moving average is C$30.54 and its 200 day moving average is C$29.54. The company has a current ratio of 1.47, a quick ratio of 1.24 and a debt-to-equity ratio of 86.13.

Morneau Shepell Inc. (MSI.TO) (TSE:MSI) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C$0.11 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.12 by C($0.01). The company had revenue of C$240.30 million for the quarter, compared to analyst estimates of C$240.30 million. On average, equities research analysts predict that Morneau Shepell Inc. will post 0.78 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2,463.68%. The ex-dividend date is Wednesday, December 30th. Morneau Shepell Inc. (MSI.TO)’s dividend payout ratio is currently 115.21%.

In other Morneau Shepell Inc. (MSI.TO) news, Director Luc Bachand acquired 4,000 shares of the business’s stock in a transaction on Friday, November 13th. The stock was purchased at an average price of C$28.23 per share, with a total value of C$112,936.00. Following the acquisition, the director now directly owns 13,000 shares of the company’s stock, valued at approximately C$367,042.

About Morneau Shepell Inc. (MSI.TO) (TSE:MSI)

Morneau Shepell Inc operates as a human resources (HR) consulting and technology company in Canada, the United States, and internationally. The company provides health and productivity, administrative, and retirement solutions to assist employers in managing the financial security, health, and productivity of their employees.

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