Multi-Color Co. (NASDAQ:LABL)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $64.88 and last traded at $66.10, with a volume of 168900 shares. The stock had previously closed at $66.10.
A number of research firms have recently commented on LABL. Zacks Investment Research cut Multi-Color from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Robert W. Baird reissued a “hold” rating and issued a $80.00 target price on shares of Multi-Color in a research note on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and issued a $88.00 target price on shares of Multi-Color in a research note on Wednesday, October 25th. BidaskClub cut Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Friday, December 15th. Finally, Hilliard Lyons raised Multi-Color from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.75.
The company has a market capitalization of $1,351.27, a P/E ratio of 17.67 and a beta of 0.76. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.94 and a quick ratio of 1.41.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Multi-Color’s dividend payout ratio is currently 5.35%.
In other news, Director Robert R. Buck sold 9,530 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total value of $686,731.80. Following the sale, the director now directly owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 19.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new stake in shares of Multi-Color during the fourth quarter valued at $128,000. SG Americas Securities LLC purchased a new stake in shares of Multi-Color during the third quarter valued at $129,000. Zions Bancorporation purchased a new stake in shares of Multi-Color during the third quarter valued at $154,000. Eqis Capital Management Inc. purchased a new stake in shares of Multi-Color during the third quarter valued at $201,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Multi-Color during the fourth quarter valued at $201,000. 63.63% of the stock is currently owned by institutional investors.
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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