Andrew Peller (TSE:ADW.A) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Andrew Peller Ltd (TSE:ADW.A) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$5.28 and traded as low as C$5.19. Andrew Peller shares last traded at C$5.28, with a volume of 33,170 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a C$13.00 price objective (up from C$10.00) on shares of Andrew Peller in a research report on Friday, June 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$13.00.

Andrew Peller Stock Performance

The firm has a market capitalization of C$228.73 million, a price-to-earnings ratio of 14.67 and a beta of 0.59. The company has a 50-day moving average price of C$5.28 and a 200-day moving average price of C$4.92. The company has a quick ratio of 0.58, a current ratio of 3.72 and a debt-to-equity ratio of 94.21.

About Andrew Peller

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.