Jamieson Wellness (TSE:JWEL) Stock Price Down 0.8% – Should You Sell?

Jamieson Wellness Inc. (TSE:JWEL) traded down 0.8% during trading on Thursday . The stock traded as low as C$34.77 and last traded at C$35.00. 14,091 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 41,285 shares. The stock had previously closed at C$35.27.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JWEL shares. BMO Capital Markets increased their price objective on shares of Jamieson Wellness from C$42.00 to C$46.00 in a research note on Thursday, December 19th. Royal Bank of Canada upped their target price on Jamieson Wellness from C$37.00 to C$38.00 in a report on Friday, November 8th. National Bankshares raised their price target on Jamieson Wellness from C$36.50 to C$42.00 in a report on Monday, November 25th. Finally, TD Securities upped their price objective on Jamieson Wellness from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Jamieson Wellness Stock Performance

The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 40.17 and a beta of 0.63. The company has a 50-day moving average price of C$36.11 and a 200-day moving average price of C$33.62. The company has a quick ratio of 1.08, a current ratio of 3.21 and a debt-to-equity ratio of 92.76.

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, November 29th. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.19. Jamieson Wellness’s payout ratio is 97.67%.

Insider Transactions at Jamieson Wellness

In other Jamieson Wellness news, Senior Officer Regan Stewart sold 1,300 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$37.84, for a total transaction of C$49,192.00. Over the last quarter, insiders sold 11,237 shares of company stock valued at $407,455. 0.26% of the stock is currently owned by corporate insiders.

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.