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Canlan Ice Sports (TSE:ICE) Shares Pass Below 200 Day Moving Average - Time to Sell?

Canlan Ice Sports logo with Consumer Cyclical background

Key Points

  • Canlan Ice Sports' stock price has recently fallen below its 200-day moving average of C$4.03, currently trading at C$4.00.
  • The company has announced a quarterly dividend of $0.03 per share, with an annualized yield of 3.0% and a payout ratio of 42.86%.
  • Canlan Ice Sports operates in the development and management of multi-purpose recreation and entertainment facilities in North America.
  • Interested in Canlan Ice Sports? Here are five stocks we like better.

Canlan Ice Sports Corp. (TSE:ICE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.03 and traded as low as C$4.00. Canlan Ice Sports shares last traded at C$4.00, with a volume of 702 shares traded.

Canlan Ice Sports Stock Performance

The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 110.25. The firm has a market capitalization of C$53.35 million, a P/E ratio of 14.29 and a beta of 0.13. The stock has a fifty day moving average of C$4.13 and a 200-day moving average of C$4.03.

Canlan Ice Sports Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.0%. Canlan Ice Sports's dividend payout ratio (DPR) is presently 42.86%.

Canlan Ice Sports Company Profile

(Get Free Report)

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America.

Further Reading

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