Teck Resources (TSE:TECK.A) Shares Pass Below 50-Day Moving Average – Should You Sell?

Teck Resources Limited (TSE:TECK.A) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$87.35 and traded as low as C$82.05. Teck Resources shares last traded at C$84.87, with a volume of 15,177 shares changing hands.

Teck Resources Stock Up 1.1%

The stock has a market capitalization of C$41.55 billion, a price-to-earnings ratio of 22.51 and a beta of 1.69. The business’s 50-day moving average is C$87.35 and its two-hundred day moving average is C$78.57. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

Teck Resources (TSE:TECK.A) last released its quarterly earnings data on Thursday, April 23rd. The company reported C$1.75 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$3.94 billion during the quarter. Equities analysts anticipate that Teck Resources Limited will post 2.5209386 EPS for the current 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.