Mullen Group (TSE:MTL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Mullen Group Ltd. (TSE:MTL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.31 and traded as high as C$14.83. Mullen Group shares last traded at C$14.80, with a volume of 151,782 shares.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MTL shares. Raymond James dropped their price objective on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Cormark cut their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. TD Securities lowered their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. National Bankshares increased their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Finally, CIBC lifted their price objective on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Mullen Group has a consensus rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Trading Up 1.5 %

The business’s 50 day simple moving average is C$15.18 and its 200 day simple moving average is C$14.32. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Mullen Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.68%. Mullen Group’s payout ratio is 62.69%.

About Mullen Group

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.