Shares of Torstar Corporation (TSE:TS.B) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $0.85. Torstar shares last traded at $0.82, with a volume of 13,227 shares trading hands.
Separately, TD Securities cut Torstar from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$1.25 to C$1.10 in a research report on Thursday.
The company has a quick ratio of 1.86, a current ratio of 2.09 and a debt-to-equity ratio of 6.80. The company has a market capitalization of $58.50 million and a PE ratio of -2.72. The company’s 50-day moving average price is C$0.90.
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 thestar.com, a newspaper Website in Canada; and operates Toronto.com, Torstar Syndication Services, and The Kit, a print and digital publication focuses on beauty, fashion, and wellness.
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