Mullen Group (TSE:MTL) Trading Down 5.4% – Should You Sell?

Shares of Mullen Group Ltd. (TSE:MTL) dropped 5.4% on Thursday . The company traded as low as C$13.26 and last traded at C$13.45. Approximately 163,052 shares traded hands during trading, a decline of 17% from the average daily volume of 196,322 shares. The stock had previously closed at C$14.22.

Analysts Set New Price Targets

MTL has been the subject of several research reports. Raymond James dropped their target price on Mullen Group from C$18.50 to C$17.50 in a research report on Friday. National Bankshares raised their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. CIBC boosted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. BMO Capital Markets upped their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, Scotiabank cut their price target on shares of Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$18.86.

Mullen Group Stock Performance

The company’s 50-day moving average price is C$14.76 and its two-hundred day moving average price is C$14.65. The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a yield of 6.24%. Mullen Group’s payout ratio is currently 60.92%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.