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

Shares of Transcontinental Inc. (TSE:TCL.BGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$22.92 and traded as high as C$24.20. Transcontinental shares last traded at C$24.00, with a volume of 4,001 shares trading hands.

Transcontinental Stock Up 1.3%

The firm’s 50-day simple moving average is C$22.92 and its 200 day simple moving average is C$20.80. The company has a debt-to-equity ratio of 54.12, a quick ratio of 1.09 and a current ratio of 1.49. The stock has a market capitalization of C$2.01 billion, a P/E ratio of 11.76 and a beta of 0.43.

About Transcontinental

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Transcontinental Inc, operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company. The company was established in 1976 as a direct marketing company, and later expanded into newspaper printing, and eventually publishing of newspapers and magazines.

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