Transcontinental (TSE:TCL.B) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Transcontinental Inc.'s stock price has fallen below its 200-day moving average, trading at C$19.55 while the average is C$19.63.
• The company's shares are down 2.1% and have a market capitalization of C$1.63 billion.
• Transcontinental operates as a packaging and printing company, having expanded since its establishment in 1976.

Transcontinental Inc. (TSE:TCL.B - )'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$19.63 and traded as low as C$19.55. Transcontinental shares last traded at C$19.55, with a volume of 600 shares trading hands.

Transcontinental Stock Down 2.1%

The business has a 50-day simple moving average of C$19.67 and a two-hundred day simple moving average of C$19.63. The stock has a market capitalization of C$1.63 billion, a P/E ratio of 9.35 and a beta of 0.59. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

Transcontinental Inc, operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company. The company was established in 1976 as a direct marketing company, and later expanded into newspaper printing, and eventually publishing of newspapers and magazines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.