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Highlights:
- Jamieson Wellness was founded in 1922 and it sells products like vitamins, supplements, and minerals.
- Jamieson Wellness' market cap is a little over C$ 1.6 billion, and its product portfolio can reportedly help people maintain their overall health.
- The Canadian equities market had a bull run in 2021 and let’s see how the market will perform this year.
The Canadian equities market had a bull run in 2021 despite the ongoing COVID-19 pandemic. On November 12, Canada's main equity index- S&P/TSX Composite jumped 186.55 points and set a record high by closing at 21,768.53 points.
This year, it is expected that the market will most likely continue its bullish momentum, however, fear of the new omicron variant of the coronavirus could affect the markets negatively during the first quarter of 2022.
Notably, 2021 was a record year for the Toronto Stock Exchange as stock market traders continued to pump their money into the Canadian market.
On November 16, S&P/TSX Composite Index clocked a new intraday high of 21,796.16 by gaining 34.08 points.
Also Read: How did Canadian markets fare in 2021?
After New Year, the Canadian market will open on Tuesday, January 4, and ahead of the trading session, stock market enthusiasts seem to be searching for Jamieson Wellness' (TSX:JWEL) stock.
Let's find out if it is worth your time and money:
Should you invest in Jamieson Wellness (TSX:JWEL)?
After the COVID-19 pandemic, people have become more health conscious and as new variants of coronavirus keep coming surfacing, people are expected to continue focusing on their health in their daily lives.
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Founded in 1922, Jamieson Wellness makes and sells branded natural health products. The Toronto-based company sells supplements, minerals, and vitamins.
Jamieson Wellness' market cap is a little over C$ 1.6 billion, and its product portfolio can reportedly help people maintain their overall health.
Bottom line
The JWEL stock jumped 11.1 per cent year-to-date (YTD) and catapulted 19.3 per cent in the last six months. On December 10, 2021, Jamieson Wellness had clocked a 52-week high of C$ 41.74 apiece.
In the third quarter of 2021, the company's revenue jumped 6.4 per cent year-over-year (YoY) to C$ 112.4 million.
Meanwhile, the adjusted net earnings climbed 11 per cent YoY to C$ 14.1 million.
Also Read: SunOpta (SOY) & Jamieson (JWEL): 2 TSX Consumer Stocks to Explore
