Transcontinental (OTCMKTS:TCLAF) Shares Down 4.1% – Here’s Why

Transcontinental Inc. (OTCMKTS:TCLAF)’s share price was down 4.1% during mid-day trading on Monday . The company traded as low as $3.83 and last traded at $3.83. Approximately 119,056 shares changed hands during mid-day trading, an increase of 170% from the average daily volume of 44,075 shares. The stock had previously closed at $3.9949.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Transcontinental in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Transcontinental has an average rating of “Moderate Buy”.

Transcontinental Price Performance

The company’s fifty day moving average price is $3.80 and its 200 day moving average price is $9.63.

Transcontinental Company Profile

Transcontinental Inc is a Canada-based company specializing in printing and flexible packaging solutions. Through its print segment, the company provides commercial printing, specialty media and label products for a range of industries, including publishing, retail and healthcare. Its flexible packaging segment designs and manufactures printed and laminated films, pouches, wrappers and labels used primarily in food and beverage, personal care, home care and pharmaceutical markets.

Founded in 1976 by Rémi Marcoux, Transcontinental has evolved from a regional printing operation into one of North America’s largest printers and a leading flexible-packaging manufacturer.