Loblaw Companies (OTCMKTS:LBLCF) Stock Falls 0.6% – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCF) dropped 0.6% during trading on Wednesday. The company traded as low as $43.7404 and last traded at $43.77. Approximately 141,111 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 394,826 shares. The stock had previously closed at $44.04.

Loblaw Companies Trading Down 0.6%

The company has a debt-to-equity ratio of 1.34, a current ratio of 1.06 and a quick ratio of 0.59. The business’s 50-day simple moving average is $44.88 and its 200-day simple moving average is $45.27. The company has a market cap of $50.49 billion and a price-to-earnings ratio of 25.90.

Loblaw Companies (OTCMKTS:LBLCF) last posted its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%.

Loblaw Companies Company Profile

Loblaw Companies Limited is a Canadian retailer that operates supermarkets, pharmacies, and other consumer-focused businesses. Its stores sell groceries, fresh food, household products, health and beauty items, general merchandise, and prescription and over-the-counter medications. The company also develops and markets private-label products under brands including President’s Choice and No Name.

Loblaw operates across Canada through a range of retail banners, including Loblaws, Real Canadian Superstore, No Frills, Zehrs, Provigo, Maxi, T&T Supermarket, and Shoppers Drug Mart.