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

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

Wall Street Analysts Forecast Growth

JWEL has been the subject of a number of research reports. National Bankshares lifted their price objective on shares of Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th. Royal Bank of Canada boosted their price target on shares of Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Jamieson Wellness from C$42.00 to C$46.00 in a report on Thursday, December 19th. Finally, TD Securities boosted 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.

Jamieson Wellness Trading Down 1.5 %

The business’s 50 day moving average is C$34.65 and its two-hundred day moving average 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. The firm has a market capitalization of C$1.30 billion, a P/E ratio of 32.72 and a beta of 0.63.

Jamieson Wellness Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, November 29th. This is an increase from Jamieson Wellness’s previous quarterly dividend of $0.19. Jamieson Wellness’s payout ratio is presently 88.26%.

Insiders Place Their Bets

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 2,000 shares of Jamieson Wellness stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$37.52, for a total transaction of C$75,031.00. Corporate 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.