Mediagrif Interactive Technologies Inc (TSE:MDF) Downgraded to Hold at Laurentian

Laurentian cut shares of Mediagrif Interactive Technologies Inc (TSE:MDF) from a buy rating to a hold rating in a research report sent to investors on Wednesday, August 9th. They currently have C$16.50 price objective on the stock, down from their previous price objective of C$20.00.

Other research analysts have also recently issued reports about the company. Desjardins cut their price objective on Mediagrif Interactive Technologies from C$19.50 to C$17.50 and set a hold rating for the company in a report on Thursday, June 8th. National Bank Financial raised Mediagrif Interactive Technologies from a sector perform overweight rating to an outperform overweight rating in a report on Wednesday, June 7th.

Shares of Mediagrif Interactive Technologies (MDF) traded down 0.30% during mid-day trading on Wednesday, hitting $13.49. 11,833 shares of the stock traded hands. Mediagrif Interactive Technologies has a 12-month low of $12.86 and a 12-month high of $19.55. The stock has a market cap of $200.89 million and a P/E ratio of 13.91. The firm’s 50 day moving average price is $14.83 and its 200-day moving average price is $15.65.

Mediagrif Interactive Technologies (TSE:MDF) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $20 million for the quarter, compared to the consensus estimate of $19.95 million. Mediagrif Interactive Technologies had a net margin of 17.89% and a return on equity of 10.90%. Analysts predict that Mediagrif Interactive Technologies will post $0.79 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.97%.

In related news, Director Michel Dubé sold 10,000 shares of Mediagrif Interactive Technologies stock in a transaction dated Friday, August 11th. The stock was sold at an average price of C$13.50, for a total value of C$135,000.00.

Mediagrif Interactive Technologies Company Profile

Mediagrif Interactive Technologies Inc, through its subsidiaries, provides e-commerce solutions to private sector businesses, public sector organizations, and consumers in Canada, the United States, Asia, Europe, and internationally. Its e-business networks and solutions allow buyers and sellers to find, purchase, and sell products and services; help contractors and vendors access information on business opportunities from the government and private sectors; and offer professionals with automated and integrated business solutions to streamline the supply chain.

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