ZCL Composites Inc. (TSE:ZCL) insider Michael Pejs sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$13.14, for a total transaction of C$16,425.00.
ZCL Composites Inc. (TSE ZCL) traded up 1.00% on Tuesday, hitting $13.17. 21,973 shares of the company were exchanged. ZCL Composites Inc. has a 52 week low of $9.95 and a 52 week high of $15.47. The company has a 50 day moving average price of $13.02 and a 200-day moving average price of $13.27. The stock has a market capitalization of $408.89 million and a P/E ratio of 21.63.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.12 dividend. The ex-dividend date is Thursday, September 28th. This is an increase from ZCL Composites’s previous quarterly dividend of $0.04. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.68%.
Separately, Raymond James Financial, Inc. dropped their price target on shares of ZCL Composites from C$16.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th.
About ZCL Composites
ZCL Composites Inc (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority.
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