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Andrew Peller (TSE:ADW.A) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Andrew Peller logo with Consumer Defensive background

Key Points

  • Andrew Peller Ltd's stock price dropped below its 50-day moving average of C$5.28, trading as low as C$5.19 before closing at C$5.28.
  • Analysts from Canaccord Genuity Group have reissued a "buy" rating on the stock with an increased target price of C$13.00, up from a previous C$10.00.
  • The company has a market capitalization of approximately C$228.73 million and significant financial ratios, including a current ratio of 3.72 and a debt-to-equity ratio of 94.21.
  • MarketBeat previews top five stocks to own in October.

Shares of Andrew Peller Ltd (TSE:ADW.A - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$5.28 and traded as low as C$5.19. Andrew Peller shares last traded at C$5.28, with a volume of 33,170 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a C$13.00 price target (up previously from C$10.00) on shares of Andrew Peller in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$13.00.

Get Our Latest Stock Analysis on ADW.A

Andrew Peller Stock Up 0.4%

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 cap of C$230.90 million, a price-to-earnings ratio of 14.81 and a beta of 0.59. The stock's 50 day moving average is C$5.28 and its 200 day moving average is C$4.92.

About Andrew Peller

(Get Free Report)

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.

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