Mullen Group (TSE:MTL) Hits New 12-Month Low – Time to Sell?

Mullen Group Ltd. (TSE:MTL)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$12.45 and last traded at C$12.45, with a volume of 8319 shares changing hands. The stock had previously closed at C$12.50.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Raymond James cut their target price on shares of Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Scotiabank cut their price target on shares of Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. National Bankshares increased their price objective on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Cormark cut their target price on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.84.

Mullen Group Trading Up 1.3 %

The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm’s fifty day moving average is C$13.53 and its 200-day moving average is C$14.38.

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Friday, February 28th. Mullen Group’s dividend payout ratio is 60.92%.

Insider Buying and Selling

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders acquired 2,832 shares of company stock valued at $37,153 over the last 90 days. Company insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.