CCL Industries (TSE:CCL.A) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• CCL Industries shares slipped below their 200-day moving average during Thursday trading, with the stock falling to C$84.98 versus a 200-day average of C$85.27.
• The company has a market cap of C$14.71 billion and recently reported quarterly EPS of C$0.99 on revenue of C$1.88 billion.
• Analysts expect CCL Industries to post 4.64 EPS for the current year, while the stock continues to trade with relatively low volatility, reflected by a beta of 0.50.

CCL Industries Inc. (TSE:CCL.A - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$85.27 and traded as low as C$84.98. CCL Industries shares last traded at C$84.98, with a volume of 107 shares trading hands.

CCL Industries Stock Performance

The company has a market capitalization of C$14.71 billion, a price-to-earnings ratio of 18.60 and a beta of 0.50. The stock has a 50-day moving average price of C$87.42 and a 200-day moving average price of C$85.27. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

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

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