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

Transcontinental logo with Consumer Cyclical background

Key Points

  • Transcontinental Inc. (TSE:TCL.B)'s stock price surged above its 50-day moving average of C$19.96, reaching a high of C$20.14 during Friday's trading.
  • Despite the positive movement, the company's stock experienced a slight decline of 0.3%.
  • Transcontinental has a market cap of C$1.68 billion and key financial metrics including a PE ratio of 9.41 and a debt-to-equity ratio of 54.12.
  • Interested in Transcontinental? Here are five stocks we like better.

Shares of Transcontinental Inc. (TSE:TCL.B - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$19.96 and traded as high as C$20.14. Transcontinental shares last traded at C$20.14, with a volume of 200 shares.

Transcontinental Stock Performance

The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 9.47 and a beta of 0.72. The firm has a fifty day moving average of C$19.93 and a 200-day moving average of C$19.26. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

About Transcontinental

(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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