Teck Resources (TSE:TECK.A) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Teck Resources Limited (TSE:TECK.A)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$75.31 and traded as low as C$66.70. Teck Resources shares last traded at C$67.51, with a volume of 3,640 shares changing hands.

Teck Resources Trading Down 1.9%

The stock has a market cap of C$33.02 billion, a P/E ratio of 23.86 and a beta of 2.40. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The firm’s fifty day simple moving average is C$75.31 and its 200-day simple moving average is C$64.98.

Teck Resources (TSE:TECK.A) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$1.37 EPS for the quarter. Teck Resources had a net margin of 9.41% and a return on equity of 5.03%. The company had revenue of C$3.06 billion for the quarter. Equities research analysts expect that Teck Resources Limited will post 2.5209386 EPS for the current fiscal year.

Teck Resources Company Profile

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK.