Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Time to Sell?

Loblaw Companies Limited (OTCMKTS:LBLCF) gapped down prior to trading on Wednesday . The stock had previously closed at $50.26, but opened at $47.27. Loblaw Companies shares last traded at $47.27, with a volume of 160 shares trading hands.

Loblaw Companies Stock Down 4.6%

The firm has a 50 day moving average of $46.46 and a 200-day moving average of $48.40. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.35 and a quick ratio of 0.74. The stock has a market capitalization of $55.06 billion and a P/E ratio of 93.96.

About Loblaw Companies

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.