Canadian Tire (TSE:CTC) Sets New 52-Week Low – Should You Sell?

Canadian Tire Co., Limited (TSE:CTC)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$201.75 and last traded at C$201.75, with a volume of 505 shares changing hands. The stock had previously closed at C$202.05.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut Canadian Tire from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 8th.

Canadian Tire Price Performance

The stock has a market capitalization of C$680.58 million, a PE ratio of 29.05, a PEG ratio of 0.49 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The firm’s fifty day moving average price is C$224.21 and its two-hundred day moving average price is C$223.31.

Canadian Tire Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, January 31st will be given a dividend of $1.775 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $7.10 annualized dividend and a dividend yield of 3.57%. This is a boost from Canadian Tire’s previous quarterly dividend of $1.75. Canadian Tire’s dividend payout ratio (DPR) is currently 102.19%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.