George Weston (OTCMKTS:WNGRF) Share Price Passes Above Fifty Day Moving Average – What’s Next?

George Weston Ltd. (OTCMKTS:WNGRF)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $70.48 and traded as high as $74.11. George Weston shares last traded at $74.11, with a volume of 211 shares.

George Weston Price Performance

The firm has a market capitalization of $27.85 billion, a P/E ratio of 35.64 and a beta of 0.46. The business has a fifty day moving average of $70.48 and a 200-day moving average of $70.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 1.10.

George Weston (OTCMKTS:WNGRF) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). George Weston had a return on equity of 13.84% and a net margin of 1.74%.The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.53 billion.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.