Mullen Group (TSE:MTL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Mullen Group Ltd. (TSE:MTL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.54 and traded as high as C$16.87. Mullen Group shares last traded at C$16.71, with a volume of 181,198 shares traded.

Analyst Upgrades and Downgrades

MTL has been the subject of a number of research analyst reports. Desjardins increased their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. National Bank Financial increased their target price on shares of Mullen Group from C$16.50 to C$19.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce lifted their price target on shares of Mullen Group from C$15.00 to C$17.00 in a research report on Thursday, January 8th. Finally, BMO Capital Markets boosted their price target on Mullen Group from C$16.00 to C$18.00 in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$17.95.

Mullen Group Trading Down 0.2%

The firm has a market cap of C$1.60 billion, a PE ratio of 16.71, a PEG ratio of 1.81 and a beta of 0.84. The company has a debt-to-equity ratio of 111.51, a current ratio of 2.17 and a quick ratio of 1.06. The business has a 50-day moving average price of C$16.83 and a two-hundred day moving average price of C$15.54.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.15 EPS for the quarter. The business had revenue of C$533.88 million for the quarter. Mullen Group had a net margin of 4.27% and a return on equity of 8.68%.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were issued a $0.07 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. Mullen Group’s dividend payout ratio is 84.00%.

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.