Canadian Tire (TSE:CTC) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Canadian Tire Co., Limited (TSE:CTC) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$219.10 and traded as low as C$216.00. Canadian Tire shares last traded at C$216.00, with a volume of 271 shares trading hands.

Canadian Tire Stock Performance

The stock has a 50 day moving average of C$219.10 and a 200 day moving average of C$237.26. The company has a market capitalization of C$11.54 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.49 and a beta of 0.39. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 150.68.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, February 19th. The company reported C$4.47 earnings per share for the quarter. Canadian Tire had a net margin of 3.98% and a return on equity of 11.54%. The business had revenue of C$4.55 billion during the quarter. As a group, analysts predict that Canadian Tire Co., Limited will post 13.6961722 EPS for the current year.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.