Canada Goose (TSE:GOOS) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Canada Goose Holdings Inc. (TSE:GOOS) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$13.54 and traded as low as C$12.51. Canada Goose shares last traded at C$12.53, with a volume of 175,421 shares trading hands.

Canada Goose Stock Performance

The company has a debt-to-equity ratio of 158.47, a current ratio of 2.33 and a quick ratio of 0.69. The company’s fifty day simple moving average is C$13.54 and its two-hundred day simple moving average is C$15.04. The stock has a market cap of C$1.22 billion, a price-to-earnings ratio of 54.48, a P/E/G ratio of 0.61 and a beta of 1.72.

Canada Goose (TSE:GOOS) last released its quarterly earnings data on Thursday, July 30th. The company reported C($0.89) earnings per share for the quarter. The business had revenue of C$118.90 million during the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. On average, analysts forecast that Canada Goose Holdings Inc. will post 1.6222664 earnings per share for the current year.

About Canada Goose

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.