Canadian Tire (TSE:CTC) Stock Price Down 1.9% – Should You Sell?

Canadian Tire Co., Limited (TSE:CTC) shares were down 1.9% during trading on Monday . The company traded as low as C$220.00 and last traded at C$220.00. Approximately 1,140 shares were traded during trading, an increase of 146% from the average daily volume of 464 shares. The stock had previously closed at C$224.17.

Canadian Tire Stock Down 1.9%

The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The stock has a fifty day moving average price of C$237.74 and a two-hundred day moving average price of C$248.48. The company has a market cap of C$11.75 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 0.49 and a beta of 0.67.

Canadian Tire (TSE:CTC) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$3.78 earnings per share (EPS) for the quarter. The business had revenue of C$4.11 billion during the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%. On average, research analysts expect that Canadian Tire Co., Limited will post 13.6961722 EPS for the current year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.