Jamieson Wellness (TSE:JWEL) Trading Down 0.1% – Here’s Why

Shares of Jamieson Wellness Inc. (TSE:JWEL) were down 0.1% during mid-day trading on Thursday . The company traded as low as C$41.74 and last traded at C$41.89. Approximately 55,886 shares were traded during trading, a decline of 37% from the average daily volume of 88,848 shares. The stock had previously closed at C$41.93.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce set a C$43.00 price target on Jamieson Wellness and gave the company an “outperform” rating in a report on Tuesday, March 24th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jamieson Wellness currently has a consensus rating of “Buy” and an average target price of C$44.50.

Jamieson Wellness Trading Down 0.1%

The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64. The stock has a market capitalization of C$1.74 billion, a P/E ratio of 24.21 and a beta of 1.47. The firm’s 50-day simple moving average is C$37.36 and its 200 day simple moving average is C$35.90.

Jamieson Wellness (TSE:JWEL) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.17 earnings per share for the quarter. The company had revenue of C$169.75 million during the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. Equities research analysts anticipate that Jamieson Wellness Inc. will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, June 1st. Jamieson Wellness’s dividend payout ratio (DPR) is presently 52.02%.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.