Stuart Olson (TSE:SOX) Stock Price Passes Below Fifty Day Moving Average of $3.25

Stuart Olson Inc (TSE:SOX)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.25 and traded as low as $2.87. Stuart Olson shares last traded at $2.89, with a volume of 2,800 shares.

Several equities research analysts have recently issued reports on SOX shares. Raymond James lowered their price objective on shares of Stuart Olson from C$5.00 to C$3.50 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Canaccord Genuity lowered their price objective on shares of Stuart Olson from C$4.50 to C$3.25 in a research note on Monday, August 12th. National Bank Financial lowered their price objective on shares of Stuart Olson from C$3.50 to C$3.00 and set an “underperform” rating on the stock in a research note on Friday, August 9th. CIBC lowered their price objective on shares of Stuart Olson from C$5.00 to C$4.00 in a research note on Tuesday, July 16th. Finally, TD Securities lowered their price objective on shares of Stuart Olson from C$4.75 to C$3.75 and set a “hold” rating on the stock in a research note on Monday, August 12th.

The firm’s 50 day moving average price is C$3.24 and its 200-day moving average price is C$3.99. The firm has a market cap of $81.44 million and a price-to-earnings ratio of -35.68. The company has a debt-to-equity ratio of 95.57, a current ratio of 0.97 and a quick ratio of 0.95.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.24 annualized dividend and a dividend yield of 8.30%. Stuart Olson’s payout ratio is -444.44%.

About Stuart Olson (TSE:SOX)

Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

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