Andrew Peller (TSE:ADW.A) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Andrew Peller Ltd (TSE:ADW.A) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$7.35 and traded as high as C$7.95. Andrew Peller shares last traded at C$7.94, with a volume of 51,450 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered Andrew Peller from a “buy” rating to a “hold” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Andrew Peller Price Performance

The company has a debt-to-equity ratio of 94.21, a current ratio of 3.72 and a quick ratio of 0.58. The stock has a market cap of C$349.69 million, a price-to-earnings ratio of 13.02 and a beta of 0.51. The stock has a fifty day moving average of C$7.35 and a 200 day moving average of C$6.08.

Andrew Peller (TSE:ADW.A) last issued its earnings results on Tuesday, June 16th. The company reported C$0.14 EPS for the quarter. Andrew Peller had a negative return on equity of 0.94% and a negative net margin of 0.60%.The firm had revenue of C$79.47 million for the quarter. On average, analysts expect that Andrew Peller Ltd will post 0.1202054 EPS for the current fiscal year.

About Andrew Peller

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.