Loblaw Companies (OTCMKTS:LBLCF) Shares Up 8.1% – Still a Buy?

Shares of Loblaw Companies Limited (OTCMKTS:LBLCF) traded up 8.1% during mid-day trading on Friday. The stock traded as high as $49.12 and last traded at $48.97. 514 shares changed hands during trading, a decline of 100% from the average daily volume of 104,883 shares. The stock had previously closed at $45.29.

Loblaw Companies Stock Performance

The stock has a 50-day simple moving average of $44.47 and a 200 day simple moving average of $45.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market capitalization of $56.70 billion and a PE ratio of 29.08.

Loblaw Companies (OTCMKTS:LBLCF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%. The firm had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.61 billion.

Loblaw Companies Company Profile

Loblaw Companies Limited is a Canadian retailer that operates supermarkets, pharmacies, and other consumer-focused businesses. Its stores sell groceries, fresh food, household products, health and beauty items, general merchandise, and prescription and over-the-counter medications. The company also develops and markets private-label products under brands including President’s Choice and No Name.

Loblaw operates across Canada through a range of retail banners, including Loblaws, Real Canadian Superstore, No Frills, Zehrs, Provigo, Maxi, T&T Supermarket, and Shoppers Drug Mart.