Torstar (TSE:TS.B) Share Price Passes Above Two Hundred Day Moving Average of $0.85

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 $0.85 and traded as high as $0.86. Torstar shares last traded at $0.86, with a volume of 4,362 shares.

Separately, TD Securities cut Torstar from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$1.25 to C$1.10 in a report on Thursday, August 1st.

The firm has a market capitalization of $62.21 million and a PE ratio of -1.51. The company has a current ratio of 1.91, a quick ratio of 1.70 and a debt-to-equity ratio of 9.97. The business has a fifty day moving average price of C$0.87 and a two-hundred day moving average price of C$0.85.

About Torstar (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.

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