Waterloo Brewing (TSE:WBR) Reaches New 52-Week Low at $3.68

Waterloo Brewing Ltd. (TSE:WBRGet Rating)’s share price hit a new 52-week low on Friday . The stock traded as low as C$3.68 and last traded at C$3.71, with a volume of 7732 shares traded. The stock had previously closed at C$4.00.

Analyst Ratings Changes

Several analysts have recently commented on WBR shares. Cormark decreased their price objective on shares of Waterloo Brewing from C$6.25 to C$5.75 and set a “buy” rating on the stock in a research report on Friday, September 9th. Acumen Capital decreased their price objective on shares of Waterloo Brewing from C$5.50 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, September 9th. Finally, Canaccord Genuity Group decreased their price objective on shares of Waterloo Brewing from C$7.25 to C$6.00 in a research report on Friday, June 3rd.

Waterloo Brewing Stock Performance

The company has a debt-to-equity ratio of 207.73, a quick ratio of 0.36 and a current ratio of 0.81. The company has a market capitalization of C$130.00 million and a P/E ratio of 27.85. The business’s fifty day simple moving average is C$4.63 and its 200-day simple moving average is C$4.58.

Waterloo Brewing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 3rd. Shareholders of record on Wednesday, August 3rd were issued a $0.0304 dividend. The ex-dividend date of this dividend was Tuesday, July 19th. This represents a $0.12 dividend on an annualized basis and a yield of 3.36%. Waterloo Brewing’s dividend payout ratio is currently 87.08%.

Waterloo Brewing Company Profile

(Get Rating)

Waterloo Brewing Ltd. engages in the production, distribution, and sale of alcohol-based products. It produces, sells, markets, and distributes bottled, canned, and draft premium beer under the Waterloo brand name; and value beer under the Laker and Red Cap brands. The company also produces, sells, and markets vodka-based coolers and ciders under the Seagram trademark; beer under the LandShark brand name; and coolers under the Margaritaville trademark.

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