Parkland (TSE:PKI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Parkland Co. (TSE:PKI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.27 and traded as high as C$40.29. Parkland shares last traded at C$39.84, with a volume of 1,329,226 shares.

Parkland Stock Performance

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 market capitalization of C$6.96 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 11.79 and a beta of 0.11. The stock’s fifty day simple moving average is C$39.84 and its 200-day simple moving average is C$39.27.

Parkland (TSE:PKI) last posted its quarterly earnings data on Monday, October 27th. The company reported C$0.73 earnings per share for the quarter. The business 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%. Analysts predict that Parkland Co. will post 3.6022267 EPS for the current year.

Parkland Company Profile

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. A variety of brands enable Parkland to market and distribute its petroleum products to a range of markets.