Loblaw Companies (OTCMKTS:LBLCF) Stock Price Down 0.9% – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price traded down 0.9% during trading on Monday . The company traded as low as $46.60 and last traded at $46.60. 280,547 shares traded hands during mid-day trading, an increase of 436% from the average session volume of 52,303 shares. The stock had previously closed at $47.03.

Loblaw Companies Price Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.61. The stock’s 50 day moving average price is $45.17 and its two-hundred day moving average price is $45.63. The firm has a market capitalization of $54.17 billion and a price-to-earnings ratio of 35.57.

Loblaw Companies (OTCMKTS:LBLCF) last posted its earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.47 billion. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.80%.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.