Transcontinental (TSE:TCL.B) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Transcontinental Inc. (TSE:TCL.BGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$17.65 and traded as high as C$19.26. Transcontinental shares last traded at C$19.25, with a volume of 2,000 shares traded.

Transcontinental Stock Performance

The company’s 50-day moving average is C$17.66 and its two-hundred day moving average is C$16.80. The company has a market capitalization of C$248.36 million, a P/E ratio of 13.98 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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