CCL Industries (TSE:CCL.A) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

CCL Industries Inc. (TSE:CCL.A) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$85.78 and traded as low as C$82.72. CCL Industries shares last traded at C$83.83, with a volume of 500 shares.

CCL Industries Stock Up 2.8%

The stock has a market capitalization of C$14.52 billion, a price-to-earnings ratio of 18.26 and a beta of 0.48. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The business has a fifty day moving average of C$85.78 and a 200 day moving average of C$80.92.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.