Shares of AutoCanada Inc. (TSE:ACQ - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.39 and traded as high as C$18.60. AutoCanada shares last traded at C$18.40, with a volume of 14,887 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. National Bank Financial raised AutoCanada from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. BMO Capital Markets dropped their price objective on AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. CIBC reduced their target price on shares of AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. Finally, National Bankshares raised shares of AutoCanada from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, AutoCanada has an average rating of "Hold" and an average target price of C$19.44.
Get Our Latest Report on AutoCanada
AutoCanada Trading Down 1.1 %
The company's 50-day moving average is C$16.88 and its 200-day moving average is C$17.37. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The firm has a market cap of C$426.70 million, a price-to-earnings ratio of -11.72, a P/E/G ratio of 0.30 and a beta of 2.54.
Insider Transactions at AutoCanada
In other news, insider EdgePoint Investment Group Inc. acquired 37,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of C$14.98 per share, for a total transaction of C$554,400.60. 4.90% of the stock is owned by company insiders.
AutoCanada Company Profile
(
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AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.
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