AutoCanada (TSE:ACQ) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

AutoCanada Inc. (TSE:ACQ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.90 and traded as high as C$19.55. AutoCanada shares last traded at C$18.92, with a volume of 19,021 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BMO Capital Markets dropped their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. National Bank Financial raised shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$17.00 to C$21.00 in a research report on Thursday, November 14th. Finally, CIBC upped their target price on shares of AutoCanada from C$16.00 to C$17.00 in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$19.67.

AutoCanada Price Performance

The company has a debt-to-equity ratio of 451.54, a current ratio of 1.03 and a quick ratio of 0.25. The stock has a market cap of C$444.25 million, a price-to-earnings ratio of -8.81, a PEG ratio of 0.30 and a beta of 2.54. The company’s 50 day moving average is C$18.24 and its 200 day moving average is C$16.92.

AutoCanada Company Profile

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.