Andrew Peller (TSE:ADW.A) Stock Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Andrew Peller Ltd shares surpassed their 50-day moving average, indicating potential upward momentum, with the stock trading at C$5.25.
• Canaccord Genuity upgraded its rating on Andrew Peller shares from C$10.00 to C$13.00, reflecting increased optimism about the company's performance.
• The company operates a large retail presence in Canada, managing over 100 independent retail locations under various wine shop brands.

Andrew Peller Ltd (TSE:ADW.A - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.22 and traded as high as C$5.30. Andrew Peller shares last traded at C$5.25, with a volume of 39,225 shares traded.

Analysts Set New Price Targets

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

Andrew Peller Stock Performance

The firm's fifty day moving average price is C$5.26 and its 200 day moving average price is C$4.88. The company has a current ratio of 3.72, a quick ratio of 0.58 and a debt-to-equity ratio of 94.21. The firm has a market capitalization of C$189.94 million, a PE ratio of -77.00 and a beta of 0.75.

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.