Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Up – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $44.53, but opened at $46.86. Loblaw Companies shares last traded at $46.86, with a volume of 509 shares.

Loblaw Companies Stock Up 5.1%

The company’s fifty day moving average is $45.44 and its 200-day moving average is $45.17. The company has a market capitalization of $53.81 billion and a PE ratio of 35.34. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.61 and a current ratio of 1.08.

Loblaw Companies (OTCMKTS:LBLCF) last released its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Loblaw Companies had a return on equity of 25.80% and a net margin of 4.25%.The firm had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.47 billion.

About Loblaw Companies

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.