Loblaw Companies (OTCMKTS:LBLCF) Shares Down 0.6% – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCFGet Free Report) traded down 0.6% during trading on Monday . The company traded as low as $46.21 and last traded at $46.21. 84,515 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 104,174 shares. The stock had previously closed at $46.47.

Loblaw Companies Stock Down 0.6%

The stock has a fifty day moving average price of $45.35 and a two-hundred day moving average price of $45.86. The company has a market cap of $53.72 billion and a price-to-earnings ratio of 35.27. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 1.37.

Loblaw Companies (OTCMKTS:LBLCFGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%. The business had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.47 billion.

About Loblaw Companies

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Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.

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