Transcontinental (TSE:TCL.B) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Transcontinental Inc. (TSE:TCL.B)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.41 and traded as low as C$7.02. Transcontinental shares last traded at C$7.06, with a volume of 800 shares trading hands.

Analyst Upgrades and Downgrades

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

Transcontinental Trading Down 1.7%

The stock has a 50-day moving average of C$6.73 and a two-hundred day moving average of C$14.41. The company has a market cap of C$590.35 million, a P/E ratio of 1.76 and a beta of 0.14. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49.

About Transcontinental

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.