Canlan Ice Sports (TSE:ICE) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Canlan Ice Sports Corp. (TSE:ICE)’s stock price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$4.26 and traded as low as C$4.15. Canlan Ice Sports shares last traded at C$4.15, with a volume of 1,000 shares.

Canlan Ice Sports Stock Performance

The firm’s fifty day moving average is C$4.29 and its 200-day moving average is C$4.26. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 124.71. The stock has a market capitalization of C$55.35 million, a PE ratio of 13.83 and a beta of -0.09.

Canlan Ice Sports (TSE:ICE) last announced its earnings results on Thursday, August 13th. The company reported C($0.03) earnings per share for the quarter. Canlan Ice Sports had a return on equity of 10.16% and a net margin of 3.92%.The company had revenue of C$24.91 million for the quarter.

About Canlan Ice Sports

Canlan Sports is the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces. To learn more about Canlan please visit www.canlansports.com.