Canadian Tire (TSE:CTC) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Canadian Tire Co., Limited (TSE:CTC) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$221.87 and traded as low as C$208.00. Canadian Tire shares last traded at C$208.00, with a volume of 1,139 shares trading hands.

Canadian Tire Price Performance

The company has a 50 day moving average price of C$221.32 and a 200 day moving average price of C$238.86. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The firm has a market cap of C$11.07 billion, a PE ratio of 15.72, a PEG ratio of 0.49 and a beta of 0.39.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$3.78 EPS for the quarter. Canadian Tire had a net margin of 3.98% and a return on equity of 11.54%. The company had revenue of C$4.11 billion during the quarter. Sell-side analysts expect 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.