Loblaw Companies (OTCMKTS:LBLCF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $45.88 and traded as low as $45.15. Loblaw Companies shares last traded at $45.15, with a volume of 69,710 shares changing hands.

Loblaw Companies Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.09 and a quick ratio of 0.61. The stock has a market capitalization of $52.22 billion and a price-to-earnings ratio of 26.72. The stock has a 50 day moving average price of $45.88 and a 200-day moving average price of $46.02.

Loblaw Companies (OTCMKTS:LBLCF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.59%.

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.