CCL Industries (TSE:CCL.A) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

CCL Industries Inc. (TSE:CCL.A)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$93.23 and traded as high as C$95.99. CCL Industries shares last traded at C$94.49, with a volume of 200 shares traded.

CCL Industries Stock Performance

The firm has a market cap of C$15.97 billion, a P/E ratio of 20.23 and a beta of 0.44. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08. The company’s 50-day moving average is C$93.26 and its two-hundred day moving average is C$89.45.

CCL Industries (TSE:CCL.A) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$1.35 earnings per share (EPS) for the quarter. The business had revenue of C$2.11 billion during the quarter. CCL Industries had a return on equity of 14.28% and a net margin of 9.80%. As a group, equities analysts predict that CCL Industries Inc. will post 4.6352097 EPS for the current fiscal year.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.