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

Transcontinental Inc. (TSE:TCL.BGet Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$23.53 and traded as high as C$24.07. Transcontinental shares last traded at C$24.07, with a volume of 100 shares traded.

Transcontinental Price Performance

The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 11.80 and a beta of 0.47. The company’s 50 day moving average is C$23.53 and its 200 day moving average is C$21.18. 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

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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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