Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Down – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $43.40, but opened at $41.52. Loblaw Companies shares last traded at $41.52, with a volume of 436 shares changing hands.

Loblaw Companies Stock Down 0.8%

The company has a market capitalization of $50.52 billion and a P/E ratio of 25.91. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 1.34. The firm has a fifty day simple moving average of $44.57 and a 200-day simple moving average of $45.16.

Loblaw Companies (OTCMKTS:LBLCF) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%. The business had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.61 billion.

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.