Transcontinental (TSE:TCL.B) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Transcontinental Inc. (TSE:TCL.B) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.41 and traded as low as C$7.02. Transcontinental shares last traded at C$7.06, with a volume of 800 shares traded.

Wall Street Analyst Weigh In

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

Transcontinental Trading Down 1.7%

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 firm’s 50 day moving average price is C$6.73 and its 200 day moving average price is C$14.41. The stock has a market capitalization of C$590.35 million, a P/E ratio of 1.76 and a beta of 0.14.

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.