Mullen Group (TSE:MTL) Shares Pass Above 200-Day Moving Average of $14.06

Mullen Group Ltd. (TSE:MTL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.06 and traded as high as C$14.59. Mullen Group shares last traded at C$14.55, with a volume of 54,687 shares traded.

Analyst Ratings Changes

MTL has been the topic of several recent research reports. Cormark increased their price target on Mullen Group from C$19.50 to C$20.00 in a report on Friday, February 16th. BMO Capital Markets lifted their target price on Mullen Group from C$15.00 to C$16.00 in a research note on Friday, February 2nd. TD Securities lifted their price objective on Mullen Group from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Acumen Capital lowered their target price on Mullen Group from C$19.50 to C$19.00 and set a "buy" rating for the company in a report on Friday, February 16th. Finally, Royal Bank of Canada upgraded Mullen Group from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$15.00 to C$17.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$18.61.

Mullen Group Stock Down 0.3 %

The company has a debt-to-equity ratio of 78.38, a current ratio of 0.76 and a quick ratio of 1.06. The company has a market cap of C$1.28 billion, a P/E ratio of 10.01, a PEG ratio of 1.81 and a beta of 1.77. The business's 50 day moving average price is C$14.90 and its 200-day moving average price is C$14.07.

Mullen Group (TSE:MTL - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.02. Mullen Group had a net margin of 6.85% and a return on equity of 14.03%. The company had revenue of C$498.60 million during the quarter, compared to analyst estimates of C$500.00 million. On average, analysts anticipate that Mullen Group Ltd. will post 1.3490122 earnings per share for the current fiscal year.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.72 dividend on an annualized basis and a yield of 4.96%. Mullen Group's dividend payout ratio (DPR) is currently 49.66%.

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.