Parkland (TSE:PKI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.96 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares traded.

Parkland Stock Performance

The stock has a market capitalization of C$6.96 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 11.79 and a beta of 0.11. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a 50-day moving average price of C$39.85 and a two-hundred day moving average price of C$38.96.

Parkland (TSE:PKI) last announced its earnings results on Monday, October 27th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$7.35 billion for the quarter. Parkland had a return on equity of 7.66% and a net margin of 0.83%. On average, equities analysts forecast that Parkland Co. will post 3.6022267 earnings per share for the current year.

Insider Transactions at Parkland

In related news, insider Robert Berthold Espey purchased 25,000 shares of Parkland stock in a transaction on Tuesday, October 28th. The stock was acquired at an average cost of C$40.80 per share, for a total transaction of C$1,020,000.00. Following the completion of the acquisition, the insider owned 824,401 shares of the company’s stock, valued at C$33,635,560.80. This trade represents a 3.13% increase in their position. Also, insider Marcel Teunissen purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was bought at an average cost of C$40.44 per share, with a total value of C$404,400.00. Following the completion of the purchase, the insider owned 76,731 shares of the company’s stock, valued at approximately C$3,103,001.64. This represents a 14.99% increase in their position. Insiders purchased a total of 47,500 shares of company stock valued at $1,936,900 in the last quarter. 20.51% of the stock is currently owned by company insiders.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.