ZCL Composites (TSE:ZCL) had its target price lowered by Raymond James from C$10.00 to C$7.50 in a research report released on Monday morning. The firm currently has an outperform rating on the stock.
Shares of ZCL Composites stock traded down C$0.11 during trading on Monday, hitting C$6.10. 2,100 shares of the stock traded hands, compared to its average volume of 66,194. The company has a current ratio of 2.18, a quick ratio of 1.11 and a debt-to-equity ratio of 1.18. ZCL Composites has a 52 week low of C$5.69 and a 52 week high of C$12.35.
ZCL Composites (TSE:ZCL) last announced its quarterly earnings data on Thursday, August 9th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$46.81 million for the quarter. As a group, sell-side analysts anticipate that ZCL Composites will post 0.639999929379318 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.54 annualized dividend and a dividend yield of 8.85%. ZCL Composites’s dividend payout ratio (DPR) is presently 102.94%.
In other news, insider Edward John Redmond acquired 10,000 shares of ZCL Composites stock in a transaction dated Tuesday, August 14th. The shares were purchased at an average cost of C$7.30 per share, for a total transaction of C$73,000.00. Insiders have bought a total of 12,500 shares of company stock worth $91,805 over the last quarter.
ZCL Composites Company Profile
ZCL Composites Inc designs, manufactures, and supplies fiberglass reinforced plastic (FRP) underground storage tanks in Canada, the United States, and internationally. The company also manufactures and distributes liquid storage systems, including fiberglass storage tanks and related products and accessories; and produces and sells in-situ fiberglass tank and tank lining systems, and three dimensional glass fabric materials.
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