Mediagrif Interactive Technologies Inc. (TSE:MDF)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$10.71 and last traded at C$10.95, with a volume of 32747 shares trading hands. The stock had previously closed at C$11.13.
Several equities analysts have recently issued reports on the company. Laurentian cut Mediagrif Interactive Technologies from a “buy” rating to a “hold” rating and reduced their target price for the company from C$20.00 to C$16.50 in a research note on Wednesday, August 9th. National Bank Financial cut Mediagrif Interactive Technologies from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$20.00 to C$14.00 in a research note on Thursday, November 9th.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, December 29th. Mediagrif Interactive Technologies’s payout ratio is currently 51.28%.
About Mediagrif Interactive Technologies
Mediagrif Interactive Technologies Inc is a Canada-based company, which provides e-business solutions to consumer and businesses. The Company is engaged in information technology and is an owner of various Web and mobile platforms, including Jobboom, LesPAC, Reseau Contact, MERX, InterTrade, Carrus and BidNet.
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