Transcontinental (TSE:TCL.B) Stock Price Up 4.6% – Here’s What Happened

Transcontinental Inc. (TSE:TCL.B – Get Free Report)’s share price rose 4.6% during trading on Thursday. The stock traded as high as C$6.56 and last traded at C$6.56. Approximately 400 shares changed hands during trading, a decline of 92% from the average session volume of 4,971 shares. The stock had previously closed at C$6.27.

Transcontinental Stock Performance

The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock’s fifty day moving average is C$6.50 and its two-hundred day moving average is C$6.74. The firm has a market cap of C$548.54 million, a price-to-earnings ratio of 1.65 and a beta of 0.02.

About Transcontinental

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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.

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