Transcontinental (TSE:TCL.B) Shares Cross Above 50-Day Moving Average – Here’s Why

Transcontinental Inc. (TSE:TCL.BGet Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$21.62 and traded as high as C$23.26. Transcontinental shares last traded at C$23.25, with a volume of 902 shares.

Transcontinental Price Performance

The company has a 50-day moving average of C$21.62 and a 200-day moving average of C$20.46. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 11.40 and a beta of 0.43.

Transcontinental Company Profile

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Transcontinental Inc, operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company. The company was established in 1976 as a direct marketing company, and later expanded into newspaper printing, and eventually publishing of newspapers and magazines.

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