Propel (TSE:PRL) Trading Down 0.6% - Time to Sell?

Shares of Propel Holdings Inc. (TSE:PRL - Get Free Report) fell 0.6% during trading on Monday . The stock traded as low as $24.58 and last traded at $24.66. 204,613 shares were traded during mid-day trading, an increase of 18% from the average session volume of 173,578 shares. The stock had previously closed at $24.82.

Analysts Set New Price Targets

PRL has been the subject of several research analyst reports. Cormark upgraded Propel to a "moderate buy" rating in a research report on Thursday, July 10th. Raymond James Financial cut their price objective on Propel from C$46.00 to C$42.00 in a research report on Wednesday, July 16th. Finally, Scotiabank lifted their price objective on Propel from C$38.00 to C$43.00 in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Propel has an average rating of "Buy".

Propel Stock Down 0.6%

The company has a market cap of $961.62 million, a P/E ratio of 16.66 and a beta of 1.11. The business has a 50-day moving average price of $30.75 and a two-hundred day moving average price of $31.86.

Propel Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.78 dividend. This is a boost from Propel's previous quarterly dividend of $0.18. This represents a $3.12 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date was Wednesday, August 27th. Propel's dividend payout ratio is currently 30.81%.

About Propel

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.

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