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Canlan Ice Sports (TSE:ICE) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Canlan Ice Sports logo with Consumer Cyclical background

Canlan Ice Sports Corp. (TSE:ICE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.87 and traded as high as C$4.10. Canlan Ice Sports shares last traded at C$4.10, with a volume of 4,750 shares changing hands.

Canlan Ice Sports Stock Performance

The company's 50-day moving average is C$3.86 and its two-hundred day moving average is C$3.87. The company has a market capitalization of C$54.69 million, a P/E ratio of -68.33 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 0.91 and a debt-to-equity ratio of 99.54.

Canlan Ice Sports (TSE:ICE - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported C($0.09) earnings per share (EPS) for the quarter. Canlan Ice Sports had a negative return on equity of 1.54% and a negative net margin of 0.84%. The firm had revenue of C$21.85 million during the quarter.

Canlan Ice Sports Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be paid a $0.03 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 2.93%. Canlan Ice Sports's dividend payout ratio is presently -200.00%.

Canlan Ice Sports Company Profile

(Get Free Report)

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of recreation facilities in North America. It operates through Ice/Field Sales and Internal Programming; Food and Beverage; Sports Stores; Sponsorship; Space Rental; and Management and Consulting segments. It offers rental of ice or field time, organizes leagues, and tournaments, and lessons and youth camps; restaurants and concession outlets; vindoor and exterior space services.

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