Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $45.71, but opened at $43.42. Loblaw Companies shares last traded at $45.23, with a volume of 475 shares trading hands.

Loblaw Companies Price Performance

The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $52.18 billion and a PE ratio of 26.76. The company has a 50-day moving average of $45.18 and a 200 day moving average of $45.56.

Loblaw Companies (OTCMKTS:LBLCF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%.

Loblaw Companies Company Profile

Loblaw Companies Limited is a Canadian retail and consumer services company operating primarily in the food, pharmacy, health and beauty, and general merchandise sectors. Its grocery operations serve customers through banners including Loblaws, No Frills, Real Canadian Superstore, Zehrs, Fortinos, Provigo, Maxi and Atlantic Superstore.

The company also operates Shoppers Drug Mart and Pharmaprix locations, which provide prescription drugs, over-the-counter medicines, health and beauty products, and convenience items.