CCL Industries (TSE:CCL.A) Sets New 1-Year High – Time to Buy?

CCL Industries Inc. (TSE:CCL.A) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$95.43 and last traded at C$95.43, with a volume of 100 shares traded. The stock had previously closed at C$90.87.

CCL Industries Stock Performance

The company has a fifty day moving average price of C$89.98 and a two-hundred day moving average price of C$87.90. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The company has a market capitalization of C$16.40 billion, a P/E ratio of 20.88 and a beta of 0.49.

CCL Industries (TSE:CCL.A) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$1.35 earnings per share (EPS) for the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. The business had revenue of C$2.11 billion during the quarter. Equities analysts forecast that CCL Industries Inc. will post 4.6352097 earnings per share for the current fiscal year.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.