Stock News Alert: PriceSmart (NASDAQ:PSMT)

PriceSmart (NASDAQ:PSMT) stock observed trading -22.37% off 52-week high price. On the other end, the stock has been noted 29.07% away from low price over the last 52-weeks. The stock disclosed a move of -9.77% away from 50 day moving average and -1.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.19% off 20-day moving average. It has market cap of $1.92B and dividend yield of 1.13%.

On Jan. 7, 2020, PriceSmart (NASDAQ:PSMT) released the results from the Company’s 2020 annual meeting of stockholders held on February 6, 2020 in San Diego.

At yesterday’s annual meeting of stockholders, nine nominees were elected to the PriceSmart Board of Directors.  Each director elected will continue to hold office until the next annual meeting of stockholders of PriceSmart, or until the director resigns or a successor is elected or appointed. The following directors were elected yesterday: Sherry S. Bahrambeygui, Jeffrey Fisher, Gordon H. Hanson, Beatriz V. Infante, Leon C. Janks, Mitchell G. Lynn, Gary Malino, Robert E. Price and Edgar Zurcher.

Stockholders also approved, on an advisory basis, the compensation of the Company’s executive officers for fiscal year 2019 and ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2020.  A final report on voting results will be filed with U.S. Securities and Exchange Commission within four business days following the date of the annual meeting of stockholders.

On February 6, 2020, the Company’s Board of Directors declared an annual cash dividend in the total amount of $0.70 per share, with $0.35 per share payable on February 28, 2020 to stockholders of record as of February 15, 2020 and  $0.35 per share payable on August 31, 2020 to stockholders of record as of August 15, 2020.  Future dividends and the establishment of record and payment dates is subject to determination by the Board of Directors in its discretion, after its review of the Company’s financial performance and anticipated capital requirements.

The USA based company PriceSmart moved with change of -1.04% to $62.03 with the total traded volume of 99324 shares in recent session versus to an average volume of 186.13K. The stock was observed in the 5 days activity at 1.26%. The one month performance of stock was -9.98%. PSMT’s shares are at -18.84% for the quarter and driving a 0.93% return over the course of the past year and is now at -12.66% since this point in 2018.  Right now the stock beta is 0.9. The average volatility for the week and month was at 1.86% and 2.49% respectively. There are 30.93M shares outstanding and 24.53M shares are floated in market.

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