Andlauer Healthcare Group (TSE:AND) Trading Up 27.1% – Here’s What Happened

Andlauer Healthcare Group Inc. (TSE:AND) was up 27.1% during trading on Friday . The stock traded as high as C$53.58 and last traded at C$53.32. Approximately 1,255,518 shares were traded during mid-day trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AND shares. National Bankshares increased their price target on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. Scotiabank lowered their target price on shares of Andlauer Healthcare Group from C$44.50 to C$43.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus raised their price target on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. Finally, TD Securities decreased their price target on shares of Andlauer Healthcare Group from C$53.00 to C$51.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Andlauer Healthcare Group currently has an average rating of “Moderate Buy” and a consensus price target of C$48.29.

Andlauer Healthcare Group Price Performance

The firm has a market capitalization of C$2.13 billion, a P/E ratio of 32.11 and a beta of 0.66. The company has a quick ratio of 1.66, a current ratio of 1.44 and a debt-to-equity ratio of 39.31. The business’s 50-day simple moving average is C$40.82 and its 200 day simple moving average is C$42.35.

Andlauer Healthcare Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.11. Andlauer Healthcare Group’s dividend payout ratio (DPR) is presently 24.09%.

Andlauer Healthcare Group Company Profile

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.