Jamieson Wellness (TSE:JWEL) Stock Price Down 0.8% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

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 firm has a market cap of C$1.43 billion, a price-to-earnings ratio of 40.17 and a beta of 0.63. The stock’s fifty day moving average price is C$36.11 and its 200-day moving average price is C$33.62.

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 paid a dividend of $0.21 per share. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, November 29th. Jamieson Wellness’s payout ratio is 97.67%.

Insider Activity

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 1,300 shares of Jamieson Wellness stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$37.84, for a total transaction of C$49,192.00. Insiders sold 11,237 shares of company stock worth $407,455 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Jamieson Wellness Company Profile

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.