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

Transcontinental Inc. (TSE:TCL.B)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce cut their target price on Transcontinental from C$28.00 to C$8.00 in a research report on Monday, March 23rd.

Transcontinental Stock Performance

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The stock has a 50 day simple moving average of C$6.72 and a two-hundred day simple moving average of C$15.19. The company has a market cap of C$617.11 million, a PE 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.