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Canadian Tire (TSE:CTC) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Canadian Tire logo with Consumer Cyclical background

Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$224.41 and traded as low as C$206.00. Canadian Tire shares last traded at C$207.50, with a volume of 1,240 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut shares of Canadian Tire from a "moderate buy" rating to a "hold" rating in a report on Friday, November 8th.

Read Our Latest Report on CTC

Canadian Tire Price Performance

The firm has a market capitalization of C$714.78 million, a price-to-earnings ratio of 30.51, a PEG ratio of 0.49 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The business has a 50-day moving average price of C$225.91 and a two-hundred day moving average price of C$224.15.

Canadian Tire Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, January 31st will be paid a $1.775 dividend. This represents a $7.10 dividend on an annualized basis and a yield of 3.40%. This is a boost from Canadian Tire's previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Friday, January 31st. Canadian Tire's dividend payout ratio (DPR) is presently 102.19%.

Canadian Tire Company Profile

(Get Free Report)

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.

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