Horizon North Logistics Inc (TSE:HNL) shares were up 5.3% during mid-day trading on Wednesday . The stock traded as high as C$2.40 and last traded at C$2.40. Approximately 175,266 shares were traded during trading, a decline of 20% from the average daily volume of 218,229 shares. The stock had previously closed at C$2.28.
Several research analysts recently issued reports on HNL shares. TD Securities upped their price target on shares of Horizon North Logistics from C$2.75 to C$3.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. GMP Securities reiterated a “buy” rating and set a C$2.50 price target on shares of Horizon North Logistics in a research report on Tuesday, January 8th. Raymond James reiterated an “outperform” rating and set a C$2.50 price target on shares of Horizon North Logistics in a research report on Wednesday, March 13th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Horizon North Logistics in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$2.89.
The company has a current ratio of 2.15, a quick ratio of 1.91 and a debt-to-equity ratio of 9.40. The stock has a market cap of $376.31 million and a PE ratio of -45.28.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.08 dividend on an annualized basis and a yield of 3.38%. Horizon North Logistics’s payout ratio is presently -150.94%.
In other Horizon North Logistics news, Director Russell Newmark bought 15,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of C$1.88 per share, for a total transaction of C$28,200.00. Following the transaction, the director now owns 855,353 shares in the company, valued at approximately C$1,608,063.64.
Horizon North Logistics Company Profile (TSE:HNL)
Horizon North Logistics Inc provides industrial, commercial, and residential products and services in Canada and the United States. The company's Industrial Services division supplies workforce accommodations, camp management services, access solutions, relocatable structures, and maintenance and utilities services.
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