Propel (TSE:PRL) Sets New 1-Year High at $30.45

Propel Holdings Inc. (TSE:PRL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.45 and last traded at $30.10, with a volume of 107627 shares traded. The stock had previously closed at $28.29.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their price objective on shares of Propel from C$26.50 to C$28.00 in a report on Thursday, August 8th.

Propel Stock Up 5.5 %

The firm’s 50-day simple moving average is $26.49 and its 200-day simple moving average is $20.26. The firm has a market capitalization of $1.09 billion, a P/E ratio of 22.24 and a beta of 1.81.

Propel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Friday, August 16th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.56 annualized dividend and a yield of 1.76%. Propel’s payout ratio is currently 39.16%.

Propel Company Profile

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.