Transcontinental (TSE:TCL.A) Shares Cross Below 200 Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.52 and traded as low as C$5.25. Transcontinental shares last traded at C$5.28, with a volume of 434,365 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Securities dropped their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. BMO Capital Markets dropped their target price on Transcontinental from C$27.00 to C$6.25 in a report on Tuesday, March 24th. Finally, ATB Cormark Capital Markets dropped their target price on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$18.61.

Transcontinental Price Performance

The company has a market cap of C$441.51 million, a P/E ratio of 3.05, a PEG ratio of 6.05 and a beta of 0.53. The company has a fifty day simple moving average of C$8.96 and a 200-day simple moving average of C$17.52. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$0.08 earnings per share (EPS) for the quarter. The company had revenue of C$263.50 million for the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. On average, sell-side analysts predict that Transcontinental Inc. will post 2.439834 earnings per share for the current year.

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.