Transcontinental (TSE:TCL.A) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Transcontinental Inc. (TSE:TCL.A) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.10 and traded as low as C$5.18. Transcontinental shares last traded at C$5.18, with a volume of 370,701 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TCL.A. BMO Capital Markets reduced their price target on shares of Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. ATB Cormark Capital Markets cut their target price on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Finally, TD Securities reduced their target price on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Transcontinental currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.61.

Transcontinental Price Performance

The company has a debt-to-equity ratio of 54.12, a current ratio of 1.49 and a quick ratio of 1.09. The firm’s 50 day moving average price is C$14.35 and its two-hundred day moving average price is C$19.00. The firm has a market cap of C$433.15 million, a price-to-earnings ratio of 2.99, a P/E/G ratio of 6.05 and a beta of 0.46.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$263.50 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. As a group, sell-side analysts forecast that Transcontinental Inc. will post 2.439834 earnings per share for the current fiscal year.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.