Canadian Tire (TSE:CTC) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Canadian Tire Co., Limited (TSE:CTC)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$224.79 and traded as low as C$223.36. Canadian Tire shares last traded at C$223.36, with a volume of 100 shares.

Analyst Ratings Changes

Separately, TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Canadian Tire Stock Performance

The stock has a fifty day moving average of C$225.20 and a 200 day moving average of C$229.64. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The company has a market capitalization of C$763.89 million, a P/E ratio of 32.70, a PEG ratio of 3.55 and a beta of 1.33.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.46 by C$1.10. The company had revenue of C$4.13 billion during the quarter, compared to the consensus estimate of C$4.07 billion. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. As a group, equities research analysts anticipate that Canadian Tire Co., Limited will post 13.6946658 EPS for the current fiscal year.

Canadian Tire Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, October 31st will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st. Canadian Tire’s dividend payout ratio is currently 102.49%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.