George Weston (OTCMKTS:WNGRF) Sees Unusually-High Trading Volume – Should You Buy?

George Weston Ltd. (OTCMKTS:WNGRF) shares saw an uptick in trading volume on Tuesday . 2,534 shares changed hands during trading, an increase of 93% from the previous session’s volume of 1,314 shares.The stock last traded at $69.1633 and had previously closed at $69.46.

George Weston Price Performance

The stock has a market cap of $26.08 billion, a price-to-earnings ratio of 33.26 and a beta of 0.48. The company has a 50-day simple moving average of $70.40 and a two-hundred day simple moving average of $69.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 1.10.

George Weston (OTCMKTS:WNGRF) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.07). George Weston had a net margin of 1.74% and a return on equity of 13.84%. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.53 billion.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.