Andlauer Healthcare Group (TSE:AND) Trading 27.1% Higher - Here's What Happened

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report)'s stock price was up 27.1% on Thursday . The company traded as high as C$53.58 and last traded at C$53.32. Approximately 1,255,518 shares were traded during mid-day trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AND shares. Scotiabank increased their target price on shares of Andlauer Healthcare Group from C$43.00 to C$55.00 in a report on Friday, April 25th. TD Securities lowered shares of Andlauer Healthcare Group from a "buy" rating to a "sell" rating and lifted their price objective for the company from C$51.00 to C$55.00 in a report on Friday, April 25th. National Bankshares upped their target price on Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus lifted their price target on Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$50.57.

Andlauer Healthcare Group Price Performance

The company has a market cap of C$2.13 billion, a PE ratio of 32.22 and a beta of 0.66. The company has a debt-to-equity ratio of 39.31, a current ratio of 1.44 and a quick ratio of 1.66. The stock's 50-day moving average is C$41.45 and its 200 day moving average is C$42.75.

Andlauer Healthcare Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Andlauer Healthcare Group's previous quarterly dividend of $0.11. Andlauer Healthcare Group's dividend payout ratio is currently 24.09%.

Andlauer Healthcare Group Company Profile

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.