Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Here’s Why

Shares of Loblaw Companies Limited (OTCMKTS:LBLCF) gapped down prior to trading on Monday . The stock had previously closed at $45.32, but opened at $43.07. Loblaw Companies shares last traded at $43.07, with a volume of 4,000 shares traded.

Loblaw Companies Stock Performance

The company’s 50 day simple moving average is $45.33 and its 200 day simple moving average is $45.88. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 1.09. The stock has a market cap of $50.20 billion and a PE ratio of 33.06.

Loblaw Companies (OTCMKTS:LBLCF) last announced its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $10.41 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Loblaw Companies had a return on equity of 25.89% and a net margin of 4.25%.

Loblaw Companies Company Profile

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.