George Weston (OTCMKTS:WNGRF) Stock Passes Below 50-Day Moving Average – Here’s Why

George Weston Limited (OTCMKTS:WNGRF)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $160.39 and traded as low as $156.16. George Weston shares last traded at $156.16, with a volume of 116 shares.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts raised George Weston to a “strong-buy” rating in a report on Wednesday, November 20th.

George Weston Stock Performance

The firm has a market capitalization of $20.33 billion, a price-to-earnings ratio of 47.47 and a beta of 0.57. The firm’s 50 day simple moving average is $160.39 and its 200 day simple moving average is $158.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.32.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.