Loblaw Companies (OTCMKTS:LBLCF) Stock Price Down 0.6% – Should You Sell?

Loblaw Companies Limited (OTCMKTS:LBLCF) shares fell 0.6% during mid-day trading on Monday . The company traded as low as $46.21 and last traded at $46.21. 84,515 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 104,174 shares. The stock had previously closed at $46.47.

Loblaw Companies Price Performance

The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $52.54 billion and a P/E ratio of 34.60. The company has a 50 day moving average price of $45.36 and a 200 day moving average price of $45.87.

Loblaw Companies (OTCMKTS:LBLCF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%. The business had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $10.47 billion.

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.