Transcontinental (TSE:TCL.A) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Transcontinental Inc. (TSE:TCL.A) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$18.60 and traded as low as C$5.23. Transcontinental shares last traded at C$5.35, with a volume of 308,932 shares changing hands.

Analyst Upgrades and Downgrades

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

Transcontinental Trading Up 0.8%

The company’s 50 day moving average price is C$12.89 and its 200 day moving average price is C$18.60. The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm has a market cap of C$447.36 million, a PE ratio of 3.09, a price-to-earnings-growth ratio of 6.05 and a beta of 0.46.

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