Jamieson Wellness (TSE:JWEL) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Jamieson Wellness Inc. (TSE:JWEL)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 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.

Analyst Ratings Changes

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

Jamieson Wellness Stock Up 1.5%

The company has a market capitalization of C$1.48 billion, a PE ratio of 20.62 and a beta of 1.54. The company has a debt-to-equity ratio of 96.64, a quick ratio of 1.08 and a current ratio of 3.58. The stock’s 50 day moving average is C$34.23 and its 200 day moving average is C$34.76.

Jamieson Wellness (TSE:JWEL) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$169.75 million during the quarter. Jamieson Wellness had a return on equity of 15.25% and a net margin of 8.71%. On average, sell-side analysts anticipate that Jamieson Wellness Inc. will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 16th were given a dividend of $0.23 per share. The ex-dividend date was Friday, March 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.6%. 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.