Horizon North Logistics (TSE:HNL) Share Price Passes Above Two Hundred Day Moving Average of $1.90

Horizon North Logistics Inc (TSE:HNL)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.90 and traded as high as $1.11. Horizon North Logistics shares last traded at $1.08, with a volume of 148,308 shares.

A number of equities analysts have recently commented on the company. Raymond James reiterated an “outperform” rating and issued a C$2.50 price objective on shares of Horizon North Logistics in a research note on Tuesday, August 6th. Cormark lowered their price target on Horizon North Logistics from C$4.00 to C$2.25 in a research note on Tuesday, August 6th. National Bank Financial lowered their price target on Horizon North Logistics from C$2.75 to C$2.35 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. GMP Securities lowered Horizon North Logistics from a “hold” rating to a “reduce” rating and lowered their price target for the company from C$2.00 to C$1.00 in a research note on Tuesday, August 6th. Finally, TD Securities lowered their price target on Horizon North Logistics from C$3.00 to C$2.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$2.02.

The company has a debt-to-equity ratio of 27.41, a current ratio of 1.49 and a quick ratio of 1.30. The stock has a market capitalization of $181.96 million and a P/E ratio of -32.06. The firm has a 50 day moving average of C$1.52 and a 200-day moving average of C$1.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 27th. This represents a $0.08 annualized dividend and a yield of 7.34%. Horizon North Logistics’s dividend payout ratio is -235.29%.

About Horizon North Logistics (TSE:HNL)

Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada. The company operates in two segments, Industrial Services and Modular Solutions. The Industrial Services segment supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.

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