Jamieson Wellness (TSE:JWEL) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of Jamieson Wellness Inc. (TSE:JWEL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$34.82 and traded as high as C$37.21. Jamieson Wellness shares last traded at C$36.48, with a volume of 264,000 shares traded.

Wall Street Analysts Forecast Growth

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

Jamieson Wellness Price Performance

The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64. The stock’s 50 day moving average price is C$34.82 and its two-hundred day moving average price is C$34.91. The stock has a market cap of C$1.51 billion, a price-to-earnings ratio of 21.09 and a beta of 1.53.

Jamieson Wellness (TSE:JWEL) last posted 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 during the quarter. Equities research analysts forecast that Jamieson Wellness Inc. will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a dividend of $0.23 per share. The ex-dividend date was Monday, June 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. Jamieson Wellness’s dividend payout ratio (DPR) 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.