Canada Goose (TSE:GOOS) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Canada Goose Holdings Inc. (TSE:GOOS - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.73 and traded as low as C$14.15. Canada Goose shares last traded at C$14.44, with a volume of 516,194 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GOOS shares. Bank of America dropped their price target on Canada Goose from C$14.00 to C$13.00 in a research report on Monday, November 11th. Wells Fargo & Company cut shares of Canada Goose from an "equal weight" rating to an "underperform" rating and cut their target price for the stock from C$16.00 to C$12.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of C$16.57.

Canada Goose Trading Down 1.5 %

The company has a debt-to-equity ratio of 232.50, a quick ratio of 0.69 and a current ratio of 2.14. The business has a 50 day simple moving average of C$14.07 and a 200-day simple moving average of C$15.68. The stock has a market capitalization of C$650.74 million, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 0.61 and a beta of 1.29.

Canada Goose Company Profile

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.