North American Construction Group (TSE:NOA) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

North American Construction Group Ltd. (TSE:NOA – Get Free Report) (NYSE:NOA) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$19.10 and traded as low as C$17.08. North American Construction Group shares last traded at C$17.38, with a volume of 52,200 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial lowered their price target on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$22.71.

Read Our Latest Analysis on NOA

North American Construction Group Stock Performance

The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07. The stock’s 50-day moving average is C$18.68 and its 200 day moving average is C$19.10. The firm has a market cap of C$467.77 million, a P/E ratio of 15.52, a PEG ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA – Get Free Report) (NYSE:NOA) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. North American Construction Group had a return on equity of 7.40% and a net margin of 2.41%.The firm had revenue of C$400.96 million for the quarter. On average, research analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current year.

North American Construction Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 28th. North American Construction Group’s payout ratio is 42.86%.

Insider Activity

In other North American Construction Group news, insider North American Construction Group Ltd. bought 165,000 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was acquired at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the purchase, the insider owned 165,000 shares in the company, valued at C$3,158,100. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 8.93% of the company’s stock.

North American Construction Group Company Profile

(Get Free Report)

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

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