Jamieson Wellness (TSE:JWEL) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$34.21 and traded as high as C$35.43. Jamieson Wellness shares last traded at C$35.19, with a volume of 13,467 shares trading hands.

Wall Street Analyst Weigh In

JWEL has been the topic of a number of recent analyst reports. TD Securities boosted their price target on shares of Jamieson Wellness from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce set a C$43.00 price target on shares of Jamieson Wellness and gave the company an “outperform” rating in a research report on Tuesday, March 24th. Finally, National Bank Financial boosted their price target on shares of Jamieson Wellness from C$40.50 to C$45.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Jamieson Wellness presently has an average rating of “Buy” and a consensus price target of C$44.50.

Jamieson Wellness Price Performance

The stock’s 50-day moving average price is C$34.21 and its 200-day moving average price is C$34.75. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 20.34 and a beta of 1.54. The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64.

Jamieson Wellness (TSE:JWEL) last announced its earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. The company had revenue of C$169.75 million for the quarter. Equities research analysts anticipate that Jamieson Wellness Inc. will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 16th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, March 6th. Jamieson Wellness’s dividend payout ratio is presently 52.02%.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.