Parkland (TSE:PKI) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Parkland Co. (TSE:PKI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.32 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares trading hands.

Parkland Price Performance

The stock has a market capitalization of C$6.96 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 11.79 and a beta of 0.11. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The business’s fifty day moving average price is C$39.84 and its 200-day moving average price is C$39.33.

Parkland (TSE:PKI) last posted its earnings results on Monday, October 27th. The company reported C$0.73 earnings per share (EPS) for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%.The firm had revenue of C$7.35 billion for the quarter. On average, research analysts forecast that Parkland Co. will post 3.6022267 EPS for the current year.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated. A variety of brands enable Parkland to market and distribute its petroleum products to a range of markets.