George Weston (OTCMKTS:WNGRF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of George Weston Ltd. (OTCMKTS:WNGRF) saw unusually-high trading volume on Tuesday . Approximately 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 company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $70.40 and a 200 day simple moving average of $69.40. The stock has a market cap of $26.08 billion, a P/E ratio of 33.26 and a beta of 0.48.

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

George Weston Company Profile

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.