Canadian Tire (TSE:CTC) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Canadian Tire Co., Limited (TSE:CTC) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$219.10 and traded as low as C$216.00. Canadian Tire shares last traded at C$216.00, with a volume of 271 shares changing hands.

Canadian Tire Price Performance

The firm has a market cap of C$11.54 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 0.49 and a beta of 0.39. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 150.68. The business has a 50-day moving average of C$219.10 and a two-hundred day moving average of C$237.26.

Canadian Tire (TSE:CTC) last posted its earnings results on Thursday, February 19th. The company reported C$4.47 EPS for the quarter. Canadian Tire had a return on equity of 11.54% and a net margin of 3.98%.The firm had revenue of C$4.55 billion during the quarter. On average, sell-side analysts anticipate that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current fiscal year.

About Canadian Tire

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.