Loblaw Companies (OTCMKTS:LBLCF) Stock Price Down 0.9% – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF)’s share price fell 0.9% on Monday . The company traded as low as $46.60 and last traded at $46.60. 280,547 shares were traded during trading, an increase of 436% from the average session volume of 52,303 shares. The stock had previously closed at $47.03.

Loblaw Companies Stock Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.61 and a current ratio of 1.08. The firm’s 50 day moving average is $45.17 and its 200-day moving average is $45.63. The firm has a market cap of $54.17 billion and a price-to-earnings ratio of 35.57.

Loblaw Companies (OTCMKTS:LBLCF) last posted its earnings results on Wednesday, May 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Loblaw Companies had a return on equity of 25.80% and a net margin of 4.25%.The business had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.47 billion.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.