Canadian Tire (TSE:CTC) Shares Pass Below Fifty Day Moving Average - Here's Why

Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$217.65 and traded as low as C$216.00. Canadian Tire shares last traded at C$218.50, with a volume of 1,117 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on CTC. BMO Capital Markets raised Canadian Tire from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. Scotiabank set a C$140.00 target price on shares of Canadian Tire and gave the stock an "underperform" rating in a report on Friday, February 7th.

Canadian Tire Price Performance

The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The company has a 50-day simple moving average of C$217.59 and a two-hundred day simple moving average of C$220.86. The stock has a market capitalization of C$8.36 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.