CCL Industries (TSE:CCL.A) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Technical signal: CCL Industries' stock dipped below its 200‑day moving average, trading as low as C$84.29 (200‑day MA C$84.97) and was down about 3.1% on light volume (~300 shares).
• Recent results and valuation: The company reported Q EPS of C$0.99 on revenue of C$1.88B, has a market cap of ~C$14.6B and a P/E of 18.44, with analysts forecasting roughly C$4.64 EPS for the fiscal year.
• Business profile: CCL is a diversified packaging company operating across its CCL (labels/films), Avery (labels/software) and Checkpoint (inventory/labeling technology) segments.

CCL Industries Inc. (TSE:CCL.A - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$84.97 and traded as low as C$84.29. CCL Industries shares last traded at C$84.29, with a volume of 300 shares traded.

CCL Industries Stock Down 3.1%

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business has a 50 day simple moving average of C$87.54 and a 200 day simple moving average of C$84.97. The company has a market capitalization of C$14.59 billion, a price-to-earnings ratio of 18.44 and a beta of 0.45.

CCL Industries (TSE:CCL.A - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.99 EPS for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%.The company had revenue of C$1.88 billion for the quarter. As a group, equities analysts predict that CCL Industries Inc. will post 4.6352097 earnings per share for the current fiscal year.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.