Parkland (TSE:PKI) Stock Passes Above 200-Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.32 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares changing hands.

Parkland Price Performance

The firm has a market cap of C$6.96 billion, a P/E ratio of 20.86, a PEG ratio of 11.79 and a beta of 0.11. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company’s 50 day simple moving average is C$39.84 and its 200-day simple moving average is C$39.33.

Parkland (TSE:PKI) last issued its quarterly earnings data on Monday, October 27th. The company reported C$0.73 earnings per share for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%.The firm had revenue of C$7.35 billion during the quarter. Research analysts forecast that Parkland Co. will post 3.6022267 earnings per share for the current fiscal year.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated. A variety of brands enable Parkland to market and distribute its petroleum products to a range of markets.