Torstar (TSE:TS.B) Sets New 52-Week Low at $0.42

Torstar Corporation (TSE:TS.B) shares hit a new 52-week low on Wednesday . The company traded as low as C$0.42 and last traded at C$0.50, with a volume of 65830 shares. The stock had previously closed at C$0.50.

TS.B has been the subject of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Torstar from C$1.50 to C$1.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. TD Securities dropped their price target on Torstar from C$1.10 to C$0.75 and set a “hold” rating on the stock in a research report on Thursday, October 31st.

The stock has a 50 day simple moving average of C$0.62 and a 200-day simple moving average of C$0.80. The firm has a market cap of $32.19 million and a PE ratio of -0.53. The company has a debt-to-equity ratio of 13.04, a current ratio of 1.80 and a quick ratio of 1.59.

Torstar Company Profile (TSE:TS.B)

Torstar Corporation operates as a media company in Canada, the United States, and internationally. It operates through three segments: Community Brands, Daily Brands, and Digital Ventures. The company publishes the Toronto Star newspaper; the Metro daily print editions; Sing Tao Daily, a Chinese-language daily newspaper, as well as operates thestar.com, a newspaper Website in Canada; and operates Toronto.com, Torstar Syndication Services, and The Kit, a print and digital publication focuses on beauty, fashion, and wellness.

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