Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $45.71, but opened at $43.42. Loblaw Companies shares last traded at $45.23, with a volume of 475 shares traded.

Loblaw Companies Stock Performance

The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $52.18 billion and a price-to-earnings ratio of 26.76. The stock’s 50 day moving average is $45.18 and its 200 day moving average is $45.56.

Loblaw Companies (OTCMKTS:LBLCF) last announced its earnings results on Thursday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $10.59 billion for the quarter, compared to analyst estimates of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%.

Loblaw Companies Company Profile

Loblaw Companies Limited is a Canadian retail and consumer services company operating primarily in the food, pharmacy, health and beauty, and general merchandise sectors. Its grocery operations serve customers through banners including Loblaws, No Frills, Real Canadian Superstore, Zehrs, Fortinos, Provigo, Maxi and Atlantic Superstore.

The company also operates Shoppers Drug Mart and Pharmaprix locations, which provide prescription drugs, over-the-counter medicines, health and beauty products, and convenience items.