Transcontinental (TSE:TCL.B) Stock Crosses Below Two Hundred Day Moving Average of $23.27

Transcontinental Inc. (TSE:TCL.B)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.27 and traded as low as C$19.70. Transcontinental shares last traded at C$19.70, with a volume of 200 shares trading hands.

The business has a 50-day moving average price of C$22.80 and a 200-day moving average price of C$23.25. The company has a market capitalization of C$1.73 billion and a price-to-earnings ratio of 12.17. The company has a quick ratio of 1.02, a current ratio of 1.47 and a debt-to-equity ratio of 75.40.

About Transcontinental (TSE:TCL.B)

Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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