Transcontinental (TSE:TCL.B) Stock Falls 1.1% – Here’s Why

Transcontinental Inc. (TSE:TCL.B – Get Free Report)’s stock price fell 1.1% during trading on Friday. The company traded as low as C$7.18 and last traded at C$7.18. Approximately 500 shares traded hands during trading, a decline of 90% from the average session volume of 4,799 shares. The stock had previously closed at C$7.26.

Transcontinental Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm has a 50-day moving average price of C$6.51 and a 200 day moving average price of C$9.99. The firm has a market capitalization of C$600.38 million, a PE ratio of 1.80 and a beta of -0.18.

About Transcontinental

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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.

Further Reading

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