Mediagrif Interactive Technologies (MDF) Hits New 1-Year High at $11.54

Shares of Mediagrif Interactive Technologies Inc (TSE:MDF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$11.54 and last traded at C$11.60, with a volume of 15439 shares trading hands. The stock had previously closed at C$10.98.

Separately, Desjardins cut Mediagrif Interactive Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from C$14.00 to C$13.00 in a report on Wednesday, June 13th.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 16th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, June 29th.

In other Mediagrif Interactive Technologies news, insider De Solidarité Ftq Fonds purchased 253,100 shares of the stock in a transaction dated Thursday, June 14th. The stock was acquired at an average cost of C$11.18 per share, for a total transaction of C$2,829,658.00. Over the last quarter, insiders have bought 391,900 shares of company stock valued at $4,297,602.

About Mediagrif Interactive Technologies

Mediagrif Interactive Technologies Inc, through its subsidiaries, provides e-commerce solutions to private sector businesses, public sector organizations, and consumers in Canada, the United States, Asia, Europe, and internationally. Its e-business networks and solutions allow buyers and sellers to find, purchase, and sell products and services; help contractors and vendors access information on business opportunities from the government and private sectors; and offer professionals with automated and integrated business solutions to streamline the supply chain.

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