CCL Industries (TSE:CCL.A) Hits New 52-Week High – What’s Next?

CCL Industries Inc. (TSE:CCL.A) shares reached a new 52-week high on Monday . The company traded as high as C$91.00 and last traded at C$91.00, with a volume of 246 shares. The stock had previously closed at C$88.00.

CCL Industries Stock Performance

The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31. The firm has a market capitalization of C$15.64 billion, a P/E ratio of 19.91 and a beta of 0.50. The stock’s 50 day moving average is C$87.25 and its two-hundred day moving average is C$86.05.

CCL Industries (TSE:CCL.A) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$1.20 earnings per share for the quarter. The business had revenue of C$1.94 billion during the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. As a group, equities analysts anticipate that CCL Industries Inc. will post 4.6352097 earnings per share for the current fiscal year.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.