Transcontinental (TSE:TCL.B) Hits New 52-Week Low – Here’s Why

Transcontinental Inc. (TSE:TCL.B)’s share price reached a new 52-week low on Monday . The company traded as low as C$5.08 and last traded at C$6.16, with a volume of 1307 shares trading hands. The stock had previously closed at C$6.72.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce dropped their price target on Transcontinental from C$28.00 to C$8.00 in a research report on Monday, March 23rd.

Transcontinental Trading Up 2.1%

The business’s 50-day moving average is C$6.91 and its two-hundred day moving average is C$17.11. The company has a current ratio of 1.49, a quick ratio of 1.09 and a debt-to-equity ratio of 54.12. The stock has a market capitalization of C$535.16 million, a PE ratio of 1.60 and a beta of 0.16.

About Transcontinental

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.