Jamieson Wellness (TSE:JWEL) Shares Down 0.8% – Time to Sell?

Jamieson Wellness Inc. (TSE:JWEL)’s stock price dropped 0.8% on Thursday . The company traded as low as C$34.77 and last traded at C$35.00. Approximately 14,091 shares were traded during trading, a decline of 66% from the average daily volume of 41,285 shares. The stock had previously closed at C$35.27.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Jamieson Wellness from C$42.00 to C$46.00 in a research report on Thursday, December 19th. Royal Bank of Canada lifted their price objective on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. National Bankshares raised their target price on Jamieson Wellness from C$36.50 to C$42.00 in a research report on Monday, November 25th. Finally, TD Securities boosted their price target on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Jamieson Wellness Price Performance

The company has a debt-to-equity ratio of 92.76, a current ratio of 3.21 and a quick ratio of 1.08. The stock has a 50 day simple moving average of C$36.11 and a two-hundred day simple moving average of C$33.62. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of 40.70 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.40%. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 29th. Jamieson Wellness’s payout ratio is presently 97.67%.

Insider Buying and Selling at Jamieson Wellness

In related news, Senior Officer Regan Stewart sold 1,300 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$37.84, for a total value of C$49,192.00. Insiders have sold 11,237 shares of company stock worth $407,455 over the last quarter. 0.26% of the stock is currently owned by company insiders.

About Jamieson Wellness

Jamieson Wellness Inc, together with its subsidiaries, develops, manufactures, distributes, markets, and sells of branded and customer branded health products for humans in Canada, the United States, China and internationally. It operates through two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment manufactures, distributes, and markets branded natural health products including vitamins, minerals, and supplements.