George Weston (OTCMKTS:WNGRF) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of George Weston Ltd. (OTCMKTS:WNGRFGet Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $70.48 and traded as high as $74.11. George Weston shares last traded at $74.11, with a volume of 211 shares changing hands.

George Weston Trading Up 2.9%

The firm has a market capitalization of $27.85 billion, a P/E ratio of 35.64 and a beta of 0.46. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 1.10. The firm has a 50 day moving average price of $70.48 and a two-hundred day moving average price of $70.20.

George Weston (OTCMKTS:WNGRFGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07). The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.53 billion. George Weston had a return on equity of 13.84% and a net margin of 1.74%.

George Weston Company Profile

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George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.

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