CCL Industries (TSE:CCL.A) Stock Crosses Above 50-Day Moving Average – Should You Sell?

CCL Industries Inc. (TSE:CCL.A) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$94.25 and traded as high as C$95.49. CCL Industries shares last traded at C$95.49, with a volume of 142 shares changing hands.

CCL Industries Stock Performance

The stock has a market cap of C$16.14 billion, a P/E ratio of 20.45 and a beta of 0.36. The firm’s fifty day moving average price is C$94.22 and its two-hundred day moving average price is C$90.70. The company has a debt-to-equity ratio of 48.08, a current ratio of 1.96 and a quick ratio of 1.31.

CCL Industries (TSE:CCL.A) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$1.35 earnings per share (EPS) for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. The company had revenue of C$2.11 billion during the quarter. As a group, equities research analysts forecast that CCL Industries Inc. will post 4.64 EPS for the current year.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.