Canadian Tire (TSE:CTC) Trading Down 1.3% – Should You Sell?

Canadian Tire Co., Limited (TSE:CTC) shares were down 1.3% during mid-day trading on Friday . The stock traded as low as C$213.50 and last traded at C$217.25. Approximately 860 shares were traded during mid-day trading, an increase of 101% from the average daily volume of 428 shares. The stock had previously closed at C$220.10.

Canadian Tire Price Performance

The stock has a market capitalization of C$11.61 billion, a PE ratio of 16.48, a P/E/G ratio of 0.49 and a beta of 0.61. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The firm’s 50 day simple moving average is C$227.68 and its 200 day simple moving average is C$243.03.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, November 6th. The company reported C$3.78 EPS for the quarter. The company had revenue of C$4.11 billion for the quarter. Canadian Tire had a net margin of 3.98% and a return on equity of 11.54%. As a group, equities analysts forecast that Canadian Tire Co., Limited will post 13.6961722 EPS for the current fiscal year.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.