Transcontinental (TSE:TCL.A) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Transcontinental Inc. (TSE:TCL.A) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.93 and traded as low as C$5.28. Transcontinental shares last traded at C$5.31, with a volume of 237,674 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on TCL.A. ATB Cormark Capital Markets reduced their price target on Transcontinental from C$27.00 to C$7.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. TD Securities reduced their price target on Transcontinental from C$28.00 to C$8.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, BMO Capital Markets reduced their price target on Transcontinental from C$27.00 to C$6.25 in a research report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$18.61.

Transcontinental Price Performance

The firm has a market capitalization of C$439.84 million, a PE ratio of 3.04, a PEG ratio of 6.05 and a beta of 0.53. The stock has a 50-day moving average price of C$6.09 and a 200 day moving average price of C$16.75. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

Transcontinental (TSE:TCL.A) last posted its quarterly earnings data on Tuesday, March 10th. The company reported C$0.08 EPS for the quarter. The business had revenue of C$263.50 million during the quarter. Transcontinental had a return on equity of 6.16% and a net margin of 4.05%. Equities analysts forecast that Transcontinental Inc. will post 2.439834 EPS for the current fiscal year.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.