Transcontinental (TSE:TCL.B) Stock Passes Above 50 Day Moving Average of $15.22

Transcontinental Inc. (TSE:TCL.B)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$15.22 and traded as high as C$16.35. Transcontinental shares last traded at C$15.63, with a volume of 203 shares changing hands.

Transcontinental Stock Down 4.7 %

The company has a market capitalization of C$208.82 million, a price-to-earnings ratio of 13.71 and a beta of 1.03. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 53.48. The firm’s 50 day simple moving average is C$15.27 and its 200-day simple moving average is C$14.53.

About Transcontinental

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.