Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Up – Time to Buy?

Loblaw Companies Limited (OTCMKTS:LBLCF) shares gapped up prior to trading on Monday. The stock had previously closed at $44.1550, but opened at $47.31. Loblaw Companies shares last traded at $44.5650, with a volume of 296 shares changing hands.

Loblaw Companies Stock Performance

The company has a market cap of $52.33 billion and a PE ratio of 26.84. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 1.06. The stock’s 50-day simple moving average is $44.42 and its 200 day simple moving average is $45.13.

Loblaw Companies (OTCMKTS:LBLCF) last issued its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%. The firm had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.61 billion.

About Loblaw Companies

Loblaw Companies Limited is a Canadian retailer that operates supermarkets, pharmacies, and other consumer-focused businesses. Its stores sell groceries, fresh food, household products, health and beauty items, general merchandise, and prescription and over-the-counter medications. The company also develops and markets private-label products under brands including President’s Choice and No Name.

Loblaw operates across Canada through a range of retail banners, including Loblaws, Real Canadian Superstore, No Frills, Zehrs, Provigo, Maxi, T&T Supermarket, and Shoppers Drug Mart.