Transcontinental (TSE:TCL.B) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened
by Jessica Moore · The Cerbat GemTranscontinental Inc. (TSE:TCL.B – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.72 and traded as high as C$7.70. Transcontinental shares last traded at C$7.38, with a volume of 2,450 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canadian Imperial Bank of Commerce reduced their target price on Transcontinental from C$28.00 to C$8.00 in a report on Monday, March 23rd.
Read Our Latest Stock Report on Transcontinental
Transcontinental Trading Down 0.1%
The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm’s 50 day simple moving average is C$6.72 and its two-hundred day simple moving average is C$15.13. The stock has a market cap of C$616.27 million, a P/E ratio of 1.84 and a beta of 0.16.
About Transcontinental
Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.