Transcontinental (TSE:TCL.B) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Transcontinental Inc. (TSE:TCL.B) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.69 and traded as high as C$7.00. Transcontinental shares last traded at C$7.00, with a volume of 6,600 shares traded.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce dropped their target price on shares of Transcontinental from C$28.00 to C$8.00 in a research report on Monday, March 23rd.

Transcontinental Trading Up 2.2%

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 stock has a 50-day moving average price of C$6.69 and a two-hundred day moving average price of C$15.86. The stock has a market cap of C$585.33 million, a PE ratio of 1.75 and a beta of 0.16.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.