Jamieson Wellness (TSE:JWEL) Stock Price Down 3.1% – Should You Sell?

Jamieson Wellness Inc. (TSE:JWEL) traded down 3.1% during trading on Thursday . The stock traded as low as C$31.60 and last traded at C$31.63. 81,794 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 65,006 shares. The stock had previously closed at C$32.65.

Wall Street Analyst Weigh In

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

Jamieson Wellness Price Performance

The company has a market cap of C$1.30 billion, a PE ratio of 32.72 and a beta of 0.63. The business’s 50 day moving average price is C$34.65 and its 200-day moving average price is C$34.28. The company has a quick ratio of 1.08, a current ratio of 2.76 and a debt-to-equity ratio of 75.70.

Jamieson Wellness Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, November 29th. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. Jamieson Wellness’s payout ratio is 88.26%.

Insider Buying and Selling

In related news, Senior Officer Regan Stewart sold 1,300 shares of Jamieson Wellness stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$37.84, for a total value of C$49,192.00. Insiders own 0.26% of the company’s stock.

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.