Torstar (TSE:TS.B) Share Price Crosses Above 200 Day Moving Average of $0.86

Torstar Corporation (TSE:TS.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.86 and traded as high as $0.89. Torstar shares last traded at $0.87, with a volume of 19,338 shares trading hands.

Separately, TD Securities downgraded shares of Torstar from a “buy” rating to a “hold” rating and reduced their price target for the company from C$1.25 to C$1.10 in a report on Thursday, August 1st.

The company has a debt-to-equity ratio of 9.97, a quick ratio of 1.70 and a current ratio of 1.91. The company has a market capitalization of $62.93 million and a P/E ratio of -1.53. The business’s fifty day simple moving average is C$0.86 and its 200-day simple moving average is C$0.86.

Torstar Company Profile (TSE:TS.B)

Torstar Corporation operates as a media company in Canada, the United States, and internationally. It operates through three segments: Community Brands, Daily Brands, and Digital Ventures. The company publishes the Toronto Star newspaper; the Metro daily print editions; Sing Tao Daily, a Chinese-language daily newspaper, as well as operates, a newspaper Website in Canada; and operates, Torstar Syndication Services, and The Kit, a print and digital publication focuses on beauty, fashion, and wellness.

Read More: Understanding the Price to Earnings Ratio (PE)

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