Propel (TSE:PRL) Hits New 52-Week Low – Time to Sell?

Shares of Propel Holdings Inc. (TSE:PRL) reached a new 52-week low on Monday . The company traded as low as $20.75 and last traded at $20.84, with a volume of 172860 shares. The stock had previously closed at $21.73.

Wall Street Analysts Forecast Growth

PRL has been the topic of a number of research reports. Scotiabank lowered their target price on Propel from C$40.00 to C$38.00 in a research report on Wednesday, November 5th. Raymond James Financial decreased their price target on shares of Propel from C$42.00 to C$35.00 in a research note on Wednesday, November 5th. Finally, Ventum Financial dropped their price objective on shares of Propel from C$42.00 to C$40.00 in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Propel Price Performance

The firm has a market cap of $812.66 million, a P/E ratio of 13.24 and a beta of 1.07. The company has a fifty day moving average of $27.45 and a 200-day moving average of $31.82.

Propel Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, December 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, November 14th. Propel’s dividend payout ratio is presently 31.67%.

Propel Company Profile

Propel Holdings Inc is a financial technology company committed to credit inclusion and helping underserved consumers by providing fair, fast, and transparent access to credit. It operates through its two brands: MoneyKey and CreditFresh. The company, through its MoneyKey brand, is a state-licensed direct lender and offers either Installment Loans or Lines of Credit to new customers in several US states.