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Transcontinental (TSE:TCL.B) Stock Passes Above 50 Day Moving Average - Here's Why

Transcontinental logo with Consumer Cyclical background

Shares of Transcontinental Inc. (TSE:TCL.B - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$18.67 and traded as high as C$21.50. Transcontinental shares last traded at C$20.90, with a volume of 600 shares changing hands.

Transcontinental Stock Down 0.4%

The stock has a market cap of C$286.17 million, a price-to-earnings ratio of 16.11 and a beta of 0.98. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The firm's 50 day moving average is C$18.79 and its two-hundred day moving average is C$18.20.

About Transcontinental

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Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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