Transcontinental (TSE:TCL.B) Stock Passes Above 50 Day Moving Average – Here’s Why

Transcontinental Inc. (TSE:TCL.BGet Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$17.97 and traded as high as C$18.53. Transcontinental shares last traded at C$18.53, with a volume of 100 shares changing hands.

Transcontinental Stock Performance

The business’s 50 day simple moving average is C$17.97 and its two-hundred day simple moving average is C$17.69. The stock has a market cap of C$247.56 million, a P/E ratio of 13.93 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

About Transcontinental

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Transcontinental Inc engages in flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through three segments: Packaging, Printing, and Media. The Packaging segment engages in extrusion, lamination, printing, and converting activities, as well as offers flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.

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