Andrew Peller (TSE:ADW.A) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Andrew Peller Ltd (TSE:ADW.A)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$6.02 and traded as high as C$7.96. Andrew Peller shares last traded at C$7.96, with a volume of 343,868 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group downgraded shares of Andrew Peller from a “buy” rating to a “hold” rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Andrew Peller Stock Performance

The stock has a market cap of C$349.09 million, a price-to-earnings ratio of 13.03 and a beta of 0.67. The company has a current ratio of 3.72, a quick ratio of 0.58 and a debt-to-equity ratio of 94.21. The firm has a fifty day simple moving average of C$6.11 and a 200-day simple moving average of C$5.55.

Andrew Peller (TSE:ADW.A) last released its earnings results on Tuesday, June 16th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$79.47 million during the quarter. Andrew Peller had a negative return on equity of 0.94% and a negative net margin of 0.60%. Analysts forecast that Andrew Peller Ltd will post 0.1202054 EPS for the current fiscal year.

Andrew Peller Company Profile

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.