Transcontinental (TSE:TCL.B) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• Transcontinental Inc.'s shares crossed above their fifty-day moving average, reaching a high of C$19.82 during trading, indicating potential upward momentum.
• The company's market capitalization is approximately C$1.66 billion, with a price-to-earnings ratio of 9.48 and a beta of 0.59, reflecting lower volatility compared to the market.
• Transcontinental, based in Montreal, operates as a packaging, commercial printing, and specialty media company, evolving from its origins in direct marketing since its establishment in 1976.

Transcontinental Inc. (TSE:TCL.B - )'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$19.72 and traded as high as C$19.82. Transcontinental shares last traded at C$19.82, with a volume of 400 shares traded.

Transcontinental Trading Down 0.1%

The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 9.48 and a beta of 0.59. The company's 50-day moving average is C$19.72 and its 200-day moving average is C$19.71. 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.

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