Torstar (TSE:TS.B) Hits New 1-Year Low at $0.42

Torstar Corporation (TSE:TS.B)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.42 and last traded at C$0.50, with a volume of 65830 shares. The stock had previously closed at C$0.50.

TS.B has been the subject of a number of recent research reports. TD Securities reduced their target price on shares of Torstar from C$1.10 to C$0.75 and set a “hold” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada lowered their price target on shares of Torstar from C$1.50 to C$1.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st.

The firm has a market capitalization of $35.76 million and a PE ratio of -0.58. The stock’s 50 day simple moving average is C$0.63 and its two-hundred day simple moving average is C$0.80. The company has a debt-to-equity ratio of 13.04, a quick ratio of 1.59 and a current ratio of 1.80.

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 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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