Andrew Peller (TSE:ADW.A) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Andrew Peller Ltd (TSE:ADW.A) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$7.02 and traded as high as C$7.98. Andrew Peller shares last traded at C$7.98, with a volume of 75,233 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group downgraded Andrew Peller from a “buy” rating to a “hold” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Andrew Peller Stock Up 0.1%

The company has a quick ratio of 0.58, a current ratio of 3.72 and a debt-to-equity ratio of 94.21. The firm has a market capitalization of C$350.41 million, a PE ratio of 13.08 and a beta of 0.51. The business’s 50-day moving average price is C$7.02 and its 200-day moving average price is C$5.94.

Andrew Peller (TSE:ADW.A) last released its quarterly earnings data on Tuesday, June 16th. The company reported C$0.14 earnings per share for the quarter. Andrew Peller had a negative net margin of 0.60% and a negative return on equity of 0.94%. The firm had revenue of C$79.47 million for the quarter. As a group, equities research analysts predict that Andrew Peller Ltd will post 0.1202054 EPS for the current fiscal year.

About Andrew Peller

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.