Transcontinental (TSE:TCL.A) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.93 and traded as low as C$5.28. Transcontinental shares last traded at C$5.31, with a volume of 237,674 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have commented on TCL.A. BMO Capital Markets decreased their target price on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. TD Securities decreased their target price on shares of Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, ATB Cormark Capital Markets decreased their target price on shares of Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$18.61.

Transcontinental Stock Down 1.5%

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 firm’s 50-day moving average is C$6.81 and its 200 day moving average is C$16.93. The firm has a market capitalization of C$444.02 million, a PE ratio of 3.07, a price-to-earnings-growth ratio of 6.05 and a beta of 0.53.

Transcontinental (TSE:TCL.A) last released its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. Transcontinental had a net margin of 4.05% and a return on equity of 6.16%. The business had revenue of C$263.50 million for the quarter. As a group, research analysts forecast that Transcontinental Inc. will post 2.439834 earnings per share for the current fiscal year.

Transcontinental Company Profile

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.