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

Shares of Andrew Peller Ltd (TSE:ADW.A) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$7.62 and traded as high as C$7.99. Andrew Peller shares last traded at C$7.98, with a volume of 97,448 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded shares of Andrew Peller from a “buy” rating to a “hold” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Andrew Peller presently has a consensus rating of “Hold”.

Andrew Peller Stock Performance

The company has a market capitalization of C$351.90 million, a P/E ratio of 13.10 and a beta of 0.53. The company has a debt-to-equity ratio of 94.21, a quick ratio of 0.58 and a current ratio of 3.72. The business’s fifty day simple moving average is C$7.67 and its 200-day simple moving average is C$6.21.

Andrew Peller (TSE:ADW.A) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.08 EPS for the quarter. The firm had revenue of C$95.34 million during the quarter. Andrew Peller had a negative net margin of 0.60% and a negative return on equity of 0.94%. As a group, equities analysts anticipate that Andrew Peller Ltd will post 0.1202054 earnings per share for the current fiscal year.

Andrew Peller Company Profile

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.