North American Construction Group (TSE:NOA) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$27.17 and traded as low as C$25.86. North American Construction Group shares last traded at C$25.95, with a volume of 65,543 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. ATB Capital cut their price target on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. CIBC upgraded shares of North American Construction Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$30.00 to C$38.00 in a research report on Thursday, December 5th. Cibc World Mkts raised shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Raymond James raised shares of North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price objective for the company in a report on Thursday, January 30th. Finally, Canaccord Genuity Group increased their target price on North American Construction Group from C$32.00 to C$33.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$38.13.

North American Construction Group Trading Up 0.0 %

The company has a market capitalization of C$694.60 million, a PE ratio of 12.20, a P/E/G ratio of 0.79 and a beta of 1.59. The firm’s 50 day moving average is C$28.74 and its 200 day moving average is C$27.17. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79.

Insider Activity

In other news, Director Martin Robert Ferron sold 6,209 shares of North American Construction Group stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of C$31.60, for a total transaction of C$196,204.40. Insiders own 8.93% of the company’s stock.

About North American Construction Group

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.