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

Andrew Peller Ltd (TSE:ADW.A)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$6.02 and traded as high as C$7.96. Andrew Peller shares last traded at C$7.96, with a volume of 343,868 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered Andrew Peller from a “buy” rating to a “hold” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Andrew Peller Price Performance

The stock’s 50-day moving average is C$6.02 and its 200 day moving average is C$5.52. The stock has a market capitalization of C$349.53 million, a PE ratio of 13.05 and a beta of 0.67. The company has a quick ratio of 0.58, a current ratio of 3.72 and a debt-to-equity ratio of 94.21.

Andrew Peller (TSE:ADW.A) last released its quarterly earnings data on Tuesday, June 16th. The company reported C$0.14 earnings per share for the quarter. Andrew Peller had a negative net margin of 0.60% and a negative return on equity of 0.94%. The firm had revenue of C$79.47 million for the quarter. As a group, equities analysts predict that Andrew Peller Ltd will post 0.1202054 earnings per share for the current year.

Andrew Peller Company Profile

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.