Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $43.40, but opened at $41.52. Loblaw Companies shares last traded at $41.52, with a volume of 436 shares.

Loblaw Companies Trading Down 0.8%

The firm has a market cap of $50.52 billion and a price-to-earnings ratio of 25.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.06 and a quick ratio of 0.59. The business has a 50-day moving average of $44.57 and a 200-day moving average of $45.16.

Loblaw Companies (OTCMKTS:LBLCF) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.61 billion. Loblaw Companies had a return on equity of 25.68% and a net margin of 4.28%.

About Loblaw Companies

Loblaw Companies Limited is a Canadian retailer that operates supermarkets, pharmacies, and other consumer-focused businesses. Its stores sell groceries, fresh food, household products, health and beauty items, general merchandise, and prescription and over-the-counter medications. The company also develops and markets private-label products under brands including President’s Choice and No Name.

Loblaw operates across Canada through a range of retail banners, including Loblaws, Real Canadian Superstore, No Frills, Zehrs, Provigo, Maxi, T&T Supermarket, and Shoppers Drug Mart.