Andrew Peller (TSE:ADW.A) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Andrew Peller Ltd (TSE:ADW.A)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$7.62 and traded as high as C$7.99. Andrew Peller shares last traded at C$7.98, with a volume of 97,448 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered Andrew Peller from a “buy” rating to a “hold” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Andrew Peller presently has an average rating of “Hold”.

Andrew Peller Stock Performance

The stock has a market cap of C$351.46 million, a price-to-earnings ratio of 13.08 and a beta of 0.53. The company’s fifty day simple moving average is C$7.62 and its two-hundred day simple moving average is C$6.19. The company has a debt-to-equity ratio of 94.21, a current ratio of 3.72 and a quick ratio of 0.58.

Andrew Peller (TSE:ADW.A) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$95.34 million during the quarter. Andrew Peller had a negative net margin of 0.60% and a negative return on equity of 0.94%. On average, analysts forecast that Andrew Peller Ltd will post 0.1202054 earnings per share for the current year.

Andrew Peller Company Profile

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.