Transcontinental (TSE:TCL.B) Hits New 52-Week Low – What’s Next?

Transcontinental Inc. (TSE:TCL.B) shares reached a new 52-week low on Monday . The stock traded as low as C$5.08 and last traded at C$6.16, with a volume of 1307 shares trading hands. The stock had previously closed at C$6.72.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce cut their target price on shares of Transcontinental from C$28.00 to C$8.00 in a research note on Monday, March 23rd.

Transcontinental Stock Performance

The company has a market capitalization of C$535.16 million, a PE ratio of 1.60 and a beta of 0.16. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The firm’s 50-day simple moving average is C$6.88 and its 200-day simple moving average is C$16.92.

About Transcontinental

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.