Transcontinental (TSE:TCL.A) Stock Price Passes Below Two Hundred 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 Wednesday . The stock has a two hundred day moving average of C$16.93 and traded as low as C$5.28. Transcontinental shares last traded at C$5.31, with a volume of 237,674 shares trading hands.

Wall Street Analyst Weigh In

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

Transcontinental Stock Performance

The stock’s 50 day moving average price is C$6.81 and its 200 day moving average price is C$16.93. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The company has a market cap of C$444.02 million, a price-to-earnings ratio of 3.07, a P/E/G ratio of 6.05 and a beta of 0.53.

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

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.