ZCL Composites (ZCL) Trading Up 35.9%
ZCL Composites Inc. (TSE:ZCL) shares were up 35.9% during trading on Tuesday . The company traded as high as C$9.95 and last traded at C$9.91. Approximately 1,703,151 shares traded hands during mid-day trading, an increase of 1,087% from the average daily volume of 143,511 shares. The stock had previously closed at C$7.29.
A number of research analysts have recently commented on ZCL shares. Raymond James restated an “outperform” rating and issued a C$7.50 target price on shares of ZCL Composites in a research note on Friday, December 21st. Industrial Alliance Securities restated a “strong-buy” rating and issued a C$26.50 target price on shares of ZCL Composites in a research note on Monday.
The company has a debt-to-equity ratio of 4.03, a current ratio of 2.17 and a quick ratio of 1.05.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Friday, December 28th. ZCL Composites’s payout ratio is 104.79%.
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About ZCL Composites (TSE:ZCL)
ZCL Composites Inc designs, manufactures, and supplies fiberglass reinforced plastic (FRP) underground storage tanks in Canada, the United States, and internationally. The company also manufactures and distributes liquid storage systems, including fiberglass storage tanks and related products and accessories; and produces and sells in-situ fiberglass tank and tank lining systems, and three dimensional glass fabric materials.
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