Canadian Tire (OTCMKTS:CDNAF) Stock Price Down 0.6% – What’s Next?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) dropped 0.6% during trading on Tuesday . The stock traded as low as $125.8615 and last traded at $126.01. Approximately 2,056 shares changed hands during trading, a decline of 78% from the average daily volume of 9,552 shares. The stock had previously closed at $126.82.

Analyst Ratings Changes

Separately, Scotiabank restated an “underperform” rating on shares of Canadian Tire in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Canadian Tire Trading Down 0.6%

The business has a 50-day moving average of $123.58 and a 200-day moving average of $124.51.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.