Andrew Peller (TSE:ADW.A) Share Price Passes Above 50-Day Moving Average – What’s Next?

Andrew Peller Ltd (TSE:ADW.A) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$7.02 and traded as high as C$7.98. Andrew Peller shares last traded at C$7.98, with a volume of 75,233 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut shares of Andrew Peller from a “buy” rating to a “hold” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Andrew Peller Stock Performance

The company has a debt-to-equity ratio of 94.21, a quick ratio of 0.58 and a current ratio of 3.72. The stock’s fifty day moving average is C$7.02 and its two-hundred day moving average is C$5.94. The firm has a market cap of C$350.41 million, a price-to-earnings ratio of 13.08 and a beta of 0.51.

Andrew Peller (TSE:ADW.A) last issued its quarterly earnings data on Tuesday, June 16th. The company reported C$0.14 earnings per share (EPS) for the quarter. Andrew Peller had a negative return on equity of 0.94% and a negative net margin of 0.60%.The business had revenue of C$79.47 million during the quarter. On average, analysts expect that Andrew Peller Ltd will post 0.1202054 earnings per share for the current fiscal year.

Andrew Peller Company Profile

Andrew Peller Ltd is a wine producing company. It is engaged in the production and marketing of wine and spirit products in Canada. Some of the company’s brands are Peller Estates, Trius Winery, Thirty Bench, Wayne Gretzky, Sandhill, Red Rooster, Calona Vineyards and many more. The Company owns and operates over 100 well-positioned independent retail locations in Ontario under The Wine Shop, Wine Country Vintners, and Wine Country Merchants store.