News Watch-List: Medifast, Inc. (NYSE: MED)
Medifast, Inc. (NYSE: MED) changed 0.98% to recent value of $106.05. The stock transacted 565925 shares during most recent day however it has an average volume of 298.42K shares. It spotted trading -59.36% off 52-week high price. On the other end, the stock has been noted 10.01% away from the low price over the last 52-weeks.
Medifast, Inc. (NYSE: MED), a leading manufacturer and distributor of clinically proven programs and healthy living products, announced today that its Board of Directors has declared a $0.75 cash dividend to its stockholders. The quarterly cash dividend of $0.75 per share is payable on November 7, 2019 to stockholders of record as of the close of business on September 27, 2019.
The Company expects to maintain a program of paying dividends on a quarterly basis. However, the declaration of dividends in the future is subject to the discretion of the company’s Board of Directors, who will evaluate the company’s dividend program from time to time based on factors that it deems relevant.
MED has a gross margin of 75.60% and an operating margin of 14.00% while its profit margin remained 11.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 98.40% for this year while earning per share for the next 5-years is expected to reach at 20.00%.
The company has 11.77M of outstanding shares and 11.43M shares were floated in the market. According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.73% from the mean of 20 days, -1.30% from mean of 50 days SMA and performed -16.32% from mean of 200 days price. Company’s performance for the week was 5.18%, 4.25% for month and YTD performance remained -15.17%.
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