CCL Industries (TSE:CCL.A) Stock Crosses Below 50 Day Moving Average – Here’s Why

CCL Industries Inc. (TSE:CCL.A)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$73.77 and traded as low as C$69.99. CCL Industries shares last traded at C$70.00, with a volume of 300 shares changing hands.

CCL Industries Trading Down 0.7 %

The company has a market capitalization of C$822.50 million, a P/E ratio of 18.62 and a beta of 0.57. The business has a 50 day moving average price of C$73.77 and a 200 day moving average price of C$77.44. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 48.08.

About CCL Industries

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.