Propel (TSE:PRL) Stock Price Down 9.9%

Shares of Propel Holdings Inc. (TSE:PRL) traded down 9.9% during mid-day trading on Friday . The stock traded as low as $27.87 and last traded at $27.99. 89,405 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 75,404 shares. The stock had previously closed at $31.05.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on shares of Propel from C$26.50 to C$28.00 in a research note on Thursday, August 8th.

Propel Price Performance

The business has a 50-day moving average of $26.95 and a 200 day moving average of $20.71. The company has a market cap of $960.99 million, a PE ratio of 22.02 and a beta of 1.81.

Propel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Friday, August 16th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, August 16th. Propel’s payout ratio is currently 39.72%.

About Propel

Propel Holdings Inc operates as a financial technology company. The company's lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, and Fora Credit brands to American consumers. It also offers marketing, analytics, and loan servicing services.