Canadian Tire (TSE:CTC) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$225.36 and traded as low as C$213.73. Canadian Tire shares last traded at C$213.73, with a volume of 444 shares changing hands.

Canadian Tire Stock Performance

The company has a debt-to-equity ratio of 150.68, a quick ratio of 1.15 and a current ratio of 1.60. The company has a market capitalization of C$11.42 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.49 and a beta of 0.61. The firm has a 50-day simple moving average of C$225.36 and a two-hundred day simple moving average of C$241.17.

Canadian Tire (TSE:CTC) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$3.78 EPS for the quarter. The business had revenue of C$4.11 billion during the quarter. Canadian Tire had a net margin of 3.98% and a return on equity of 11.54%. On average, sell-side analysts anticipate that Canadian Tire Co., Limited will post 13.6961722 EPS for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.