CCL Industries (TSE:CCL.A) Shares Cross Above 50-Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemShares of CCL Industries Inc. (TSE:CCL.A – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$86.34 and traded as high as C$87.72. CCL Industries shares last traded at C$87.72, with a volume of 1,113 shares.
CCL Industries Price Performance
The firm has a market cap of C$15.20 billion, a P/E ratio of 19.19 and a beta of 0.54. The business’s fifty day moving average price is C$86.45 and its two-hundred day moving average price is C$83.53. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.
CCL Industries (TSE:CCL.A – Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$1.88 billion during the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. As a group, equities research analysts anticipate that CCL Industries Inc. will post 4.6352097 EPS for the current year.
About CCL Industries
CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.