Canlan Ice Sports (TSE:ICE) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Canlan Ice Sports Corp. (TSE:ICE)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$4.26 and traded as low as C$4.26. Canlan Ice Sports shares last traded at C$4.26, with a volume of 820 shares traded.

Canlan Ice Sports Stock Performance

The stock has a market capitalization of C$56.82 million, a price-to-earnings ratio of 14.20 and a beta of -0.00. The stock’s 50 day moving average is C$4.28 and its 200 day moving average is C$4.26. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 124.71.

Canlan Ice Sports (TSE:ICE) last announced its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share (EPS) for the quarter. Canlan Ice Sports had a return on equity of 10.16% and a net margin of 3.92%. The business had revenue of C$24.91 million for the quarter.

Canlan Ice Sports Company Profile

Canlan Sports is the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces. To learn more about Canlan please visit www.canlansports.com.