Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Should You Sell?

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $50.26, but opened at $47.27. Loblaw Companies shares last traded at $47.27, with a volume of 160 shares traded.

Loblaw Companies Stock Down 4.6%

The company has a quick ratio of 0.74, a current ratio of 1.35 and a debt-to-equity ratio of 1.49. The business has a fifty day simple moving average of $46.46 and a two-hundred day simple moving average of $48.40. The company has a market capitalization of $55.06 billion and a price-to-earnings ratio of 93.96.

About Loblaw Companies

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.