MAV Beauty Brands (TSE:MAV) Shares Down 39.3%

MAV Beauty Brands Inc (TSE:MAV)’s stock price fell 39.3% on Thursday . The stock traded as low as C$3.01 and last traded at C$3.03, 2,673,460 shares traded hands during trading. An increase of 3,503% from the average session volume of 74,197 shares. The stock had previously closed at C$4.99.

MAV has been the topic of several research reports. Royal Bank of Canada cut their target price on MAV Beauty Brands from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. CIBC cut their target price on MAV Beauty Brands from C$10.00 to C$8.00 in a research note on Wednesday, October 2nd. Raymond James cut their target price on MAV Beauty Brands from C$13.50 to C$8.00 in a research note on Thursday, August 8th. Finally, National Bank Financial cut their target price on MAV Beauty Brands from C$10.50 to C$9.50 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th.

The stock has a market cap of $159.20 million and a P/E ratio of -34.43. The company has a 50 day simple moving average of C$4.77 and a 200 day simple moving average of C$5.90. The company has a current ratio of 2.66, a quick ratio of 1.30 and a debt-to-equity ratio of 53.08.

About MAV Beauty Brands (TSE:MAV)

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

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