CCL Industries (TSE:CCL.A) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

CCL Industries Inc. (TSE:CCL.A)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$77.02 and traded as low as C$72.88. CCL Industries shares last traded at C$72.88, with a volume of 544 shares changing hands.

CCL Industries Stock Down 1.9 %

The firm has a market capitalization of C$856.34 million, a price-to-earnings ratio of 19.38 and a beta of 0.57. The firm has a fifty day moving average price of C$80.10 and a 200 day moving average price of C$77.02. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. The company operates through four segments: CCL, Avery, Checkpoint, and Innovia. The CCL segment offers pressure sensitive and specialty extruded film materials for decorative, instructional, functional, and security applications in the consumer packaging, healthcare, chemicals, consumer electronic device, and automotive markets.