Intertape Polymer Group (TSE:ITP) Director Melbourne F. Yull sold 10,400 shares of Intertape Polymer Group stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of C$20.79, for a total transaction of C$216,216.00.

Shares of Intertape Polymer Group stock traded down C$0.33 on Thursday, hitting C$20.26. 405,677 shares of the stock were exchanged, compared to its average volume of 182,111. Intertape Polymer Group has a 52 week low of C$17.49 and a 52 week high of C$25.41. The company has a market cap of $1,270.00, a P/E ratio of 12.58 and a beta of 0.76.

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Intertape Polymer Group (TSE:ITP) last announced its quarterly earnings data on Thursday, March 8th. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.05). Intertape Polymer Group had a net margin of 7.92% and a return on equity of 32.31%. The firm had revenue of C$301.52 million during the quarter, compared to the consensus estimate of C$301.80 million.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Tuesday, March 20th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, March 19th. Intertape Polymer Group’s payout ratio is 34.78%.

Separately, Royal Bank of Canada lifted their price objective on shares of Intertape Polymer Group from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, March 9th.

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About Intertape Polymer Group

Intertape Polymer Group Inc operates in the specialty packaging industry. The Company develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use.

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