Shares of Mullen Group Ltd (TSE:MTL) reached a new 52-week low during trading on Monday . The company traded as low as C$9.35 and last traded at C$9.38, with a volume of 45260 shares trading hands. The stock had previously closed at C$9.53.

MTL has been the topic of a number of recent analyst reports. GMP Securities downgraded shares of Mullen Group from a “hold” rating to a “reduce” rating and lowered their target price for the company from C$12.00 to C$9.25 in a research note on Friday, April 26th. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Friday, April 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $7.50 target price on shares of in a research note on Tuesday, July 9th. TD Securities raised shares of Mullen Group from a “hold” rating to a “buy” rating and set a C$13.50 target price on the stock in a research note on Monday, June 24th. Finally, Raymond James reaffirmed a “hold” rating on shares of Snc-Lavalin Group in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Mullen Group presently has a consensus rating of “Buy” and an average price target of C$13.97.

The firm has a market capitalization of $983.26 million and a PE ratio of -28.82. The company has a 50 day moving average of C$9.66. The company has a quick ratio of 1.50, a current ratio of 1.82 and a debt-to-equity ratio of 61.72.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The business had revenue of C$319.60 million for the quarter, compared to analysts’ expectations of C$304.83 million. Equities research analysts forecast that Mullen Group Ltd will post 0.67 earnings per share for the current year.

The company also recently announced a monthly dividend, which was paid on Monday, July 15th. Investors of record on Sunday, June 30th were paid a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend was Thursday, June 27th. Mullen Group’s payout ratio is -170.81%.

Mullen Group Company Profile (TSE:MTL)

Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.

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