Transcontinental (TSE:TCL.B) Hits New 52-Week Low – Here’s Why

Transcontinental Inc. (TSE:TCL.B) shares hit a new 52-week low during trading on Monday . The company traded as low as C$5.08 and last traded at C$6.16, with a volume of 1307 shares. The stock had previously closed at C$6.72.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce lowered their target price on Transcontinental from C$28.00 to C$8.00 in a research note on Monday, March 23rd.

Transcontinental Stock Performance

The firm has a 50-day moving average price of C$6.91 and a 200 day moving average price of C$17.11. The firm has a market capitalization of C$535.16 million, a PE ratio of 1.60 and a beta of 0.16. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 54.12.

Transcontinental Company Profile

Transcontinental, or TC Transcontinental, is a Canadian printer and flexible packaging provider that operates in three segments: packaging, printing, and other. Its packaging segment features the production of different plastic products geared toward consumer goods. Production plants specialize in extrusion, lamination, printing, and converting. The company offers premedia, printing, and distribution services through the printing segment. Publishers, retailers, cataloguers, and marketers are some of the customers who tap TC Transcontinental for these printing solutions.