George Weston (OTCMKTS:WNGRF) Stock Crosses Below 200 Day Moving Average – Here’s Why

George Weston Ltd. (OTCMKTS:WNGRF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $71.68 and traded as low as $70.50. George Weston shares last traded at $70.58, with a volume of 53,305 shares.

Analyst Ratings Changes

WNGRF has been the topic of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of George Weston in a research report on Monday, August 3rd. Scotiabank reissued a “sector perform” rating on shares of George Weston in a report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

George Weston Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.05 and a debt-to-equity ratio of 1.01. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 38.03 and a beta of 0.46. The company has a 50 day moving average price of $72.09 and a 200-day moving average price of $71.68.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Friday, July 31st. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). George Weston had a return on equity of 14.12% and a net margin of 1.54%.The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.72 billion.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.