Transcontinental (TSE:TCL.B) Shares Cross Above 50-Day Moving Average – Here’s Why

Transcontinental Inc. (TSE:TCL.BGet Free Report)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$17.65 and traded as high as C$19.26. Transcontinental shares last traded at C$19.25, with a volume of 2,000 shares.

Transcontinental Trading Down 3.4 %

The company has a market cap of C$248.36 million, a P/E ratio of 13.98 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12. The firm’s 50-day moving average price is C$17.66 and its 200-day moving average price is C$16.80.

Transcontinental Company Profile

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Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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