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

Loblaw Companies Limited (OTCMKTS:LBLCF)’s share price gapped down prior to trading 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 company’s 50 day moving average is $45.18 and its 200 day moving average is $45.50. The firm has a market capitalization of $51.05 billion and a price-to-earnings ratio of 26.18.

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

About Loblaw Companies

Loblaw Companies Limited is a Canadian food, pharmacy, health and beauty, and general merchandise retailer. The company operates supermarkets, discount grocery stores, pharmacies and convenience-oriented retail locations, while also offering online grocery shopping and related delivery services.

Its retail banners include Loblaws, Real Canadian Superstore, No Frills, Zehrs, Provigo, Atlantic Superstore, Shoppers Drug Mart and Pharmaprix. Loblaw also sells private-label products through the President’s Choice and No Name brands and provides loyalty and financial services associated with the PC Optimum program and President’s Choice Financial.

Founded in 1919, Loblaw has expanded into a nationwide retail network serving communities across Canada.