North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA's share price traded down 4% during trading on Thursday . The stock traded as low as $19.25 and last traded at $18.96. 6,322 shares changed hands during trading, a decline of 89% from the average session volume of 56,885 shares. The stock had previously closed at $19.75.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on NOA. Cibc World Mkts upgraded North American Construction Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Raymond James upgraded shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, CIBC upgraded shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".
Check Out Our Latest Research Report on North American Construction Group
North American Construction Group Stock Down 2.4 %
The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The firm has a market cap of $515.82 million, a P/E ratio of 12.89 and a beta of 1.44. The company's 50 day simple moving average is $20.62 and its 200-day simple moving average is $19.46.
Institutional Trading of North American Construction Group
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in shares of North American Construction Group in the 3rd quarter valued at approximately $185,000. Stephens Inc. AR acquired a new position in shares of North American Construction Group during the fourth quarter valued at approximately $204,000. Geode Capital Management LLC lifted its stake in shares of North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock worth $264,000 after buying an additional 1,838 shares in the last quarter. PDT Partners LLC lifted its position in North American Construction Group by 45.6% during the third quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company's stock worth $321,000 after buying an additional 5,371 shares in the last quarter. Finally, Tranquility Partners LLC boosted its position in shares of North American Construction Group by 11.5% during the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company's stock valued at $323,000 after acquiring an additional 1,538 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.
North American Construction Group Company Profile
(
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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.
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