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Canadian Tire (TSE:CTC) Stock Price Down 3.8% - Should You Sell?

Canadian Tire logo with Consumer Cyclical background

Canadian Tire Co., Limited (TSE:CTC - Get Free Report) dropped 3.8% during trading on Wednesday . The company traded as low as C$255.00 and last traded at C$255.00. Approximately 765 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 502 shares. The stock had previously closed at C$265.00.

Canadian Tire Stock Performance

The firm has a 50-day simple moving average of C$249.70 and a two-hundred day simple moving average of C$229.47. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68. The company has a market capitalization of C$9.89 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33.

Canadian Tire Company Profile

(Get Free Report)

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.

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