CCL Industries (TSE:CCL.A) Share Price Crosses Below 200 Day Moving Average – What’s Next?

CCL Industries Inc. (TSE:CCL.A)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$86.37 and traded as low as C$82.49. CCL Industries shares last traded at C$83.46, with a volume of 222 shares trading hands.

CCL Industries Price Performance

The company has a market capitalization of C$14.34 billion, a price-to-earnings ratio of 18.26 and a beta of 0.49. The company has a debt-to-equity ratio of 48.08, a quick ratio of 1.31 and a current ratio of 1.96. The business has a 50 day moving average price of C$86.77 and a 200-day moving average price of C$86.37.

CCL Industries (TSE:CCL.A) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$1.20 earnings per share (EPS) for the quarter. The company had revenue of C$1.94 billion for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. Research analysts predict that CCL Industries Inc. will post 4.6352097 EPS for the current fiscal 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.