CCL Industries (TSE:CCL.A) Share Price Passes Below 200-Day Moving Average – Here’s Why

CCL Industries Inc. (TSE:CCL.A) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$86.37 and traded as low as C$82.49. CCL Industries shares last traded at C$83.46, with a volume of 222 shares trading hands.

CCL Industries Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The business has a 50-day moving average price of C$86.60 and a 200 day moving average price of C$86.33. The stock has a market cap of C$14.34 billion, a PE ratio of 18.26 and a beta of 0.49.

CCL Industries (TSE:CCL.A) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$1.20 EPS for the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%.The firm had revenue of C$1.94 billion for the quarter. As a group, research analysts forecast that CCL Industries Inc. will post 4.6352097 earnings per share for the current fiscal year.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.