Canada Goose (TSE:GOOS) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$14.13 and traded as low as C$13.42. Canada Goose shares last traded at C$13.43, with a volume of 12,296 shares trading hands.

Canada Goose Price Performance

The company has a quick ratio of 0.69, a current ratio of 2.63 and a debt-to-equity ratio of 129.06. The firm has a market capitalization of C$1.30 billion, a PE ratio of 58.39, a PEG ratio of 0.61 and a beta of 1.76. The firm’s fifty day simple moving average is C$14.13 and its 200-day simple moving average is C$15.69.

Canada Goose (TSE:GOOS) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.37 EPS for the quarter. Canada Goose had a net margin of 1.47% and a return on equity of 4.29%. The firm had revenue of C$453.30 million for the quarter. On average, research analysts forecast that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.