Transcontinental Inc. (TSE:TCL.B – Get Free Report) reached a new 52-week low during mid-day trading on Monday after Canadian Imperial Bank of Commerce lowered their price target on the stock from C$28.00 to C$8.00. The stock traded as low as C$5.23 and last traded at C$6.79, with a volume of 1004 shares traded. The stock had previously closed at C$25.64.
Transcontinental Price Performance
The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market capitalization of C$673.13 million, a P/E ratio of 4.65 and a beta of 0.49. The company’s 50 day moving average price is C$23.30 and its 200 day moving average price is C$21.68.
About Transcontinental
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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