North American Construction Group (TSE:NOA) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NOA. National Bankshares decreased their price target on shares of North American Construction Group from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Raymond James upgraded North American Construction Group from an “outperform” rating to a “strong-buy” rating and set a C$40.00 price target on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group raised their price objective on North American Construction Group from C$32.00 to C$33.00 in a research report on Friday, December 6th. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, ATB Capital lowered their target price on North American Construction Group from C$40.00 to C$38.00 in a report on Friday, November 1st. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, North American Construction Group has a consensus rating of “Buy” and an average target price of C$38.13.

North American Construction Group Trading Up 0.0 %

The stock 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 company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25. The firm has a 50 day moving average price of C$28.74 and a 200 day moving average price of C$27.17.

Insider Activity at North American Construction Group

In related news, Director Martin Robert Ferron sold 6,209 shares of the company’s stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of C$31.60, for a total value of C$196,204.40. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Company Profile

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.