CCL Industries (TSE:CCL.A) Sets New 52-Week High – Should You Buy?

CCL Industries Inc. (TSE:CCL.A) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$93.03 and last traded at C$93.03, with a volume of 150 shares. The stock had previously closed at C$92.05.

CCL Industries Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.96 and a debt-to-equity ratio of 48.08. The company has a market capitalization of C$15.99 billion, a price-to-earnings ratio of 20.36 and a beta of 0.48. The stock’s 50-day simple moving average is C$86.75 and its two-hundred day simple moving average is C$86.81.

CCL Industries (TSE:CCL.A) last announced its earnings results on Wednesday, May 13th. The company reported C$1.20 earnings per share (EPS) for the quarter. The business had revenue of C$1.94 billion for the quarter. CCL Industries had a net margin of 9.80% and a return on equity of 14.28%. Equities research analysts predict that CCL Industries Inc. will post 4.6352097 earnings per share for the current year.

About CCL Industries

CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, sells pressure sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions.