Transcontinental (OTCMKTS:TCLAF) Shares Down 0.9% – Here’s Why

Transcontinental Inc. (OTCMKTS:TCLAF)’s stock price fell 0.9% during mid-day trading on Monday . The company traded as low as $14.91 and last traded at $14.95. 7,294 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 12,766 shares. The stock had previously closed at $15.08.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TCLAF. CIBC reaffirmed an “outperform” rating on shares of Transcontinental in a research note on Monday, June 9th. National Bankshares reaffirmed an “outperform” rating on shares of Transcontinental in a research note on Tuesday, May 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Transcontinental in a research note on Friday, June 6th.

Transcontinental Stock Down 0.9%

The stock has a 50 day simple moving average of $15.13 and a 200-day simple moving average of $13.46.

About Transcontinental

Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.