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Transcontinental (TSE:TCL.B) Shares Cross Below 50 Day Moving Average - Here's Why

Transcontinental logo with Consumer Cyclical background

Key Points

  • Transcontinental Inc. shares fell below the fifty-day moving average of C$19.84, trading as low as C$18.51 before closing at C$19.80.
  • The company's debt-to-equity ratio stands at 54.12, and it has a market capitalization of C$1.66 billion with a P/E ratio of 9.47.
  • Transcontinental, based in Montreal, specializes in packaging, commercial printing, and specialty media, operating since 1976.
  • Five stocks to consider instead of Transcontinental.

Shares of Transcontinental Inc. (TSE:TCL.B - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$19.84 and traded as low as C$18.51. Transcontinental shares last traded at C$19.80, with a volume of 3,500 shares traded.

Transcontinental Trading Down 2.0%

The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of C$1.66 billion, a P/E ratio of 9.47 and a beta of 0.72. The stock has a 50-day moving average price of C$19.84 and a two-hundred day moving average price of C$19.43.

Transcontinental Company Profile

(Get Free Report)

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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