AutoCanada (TSE:ACQ) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

AutoCanada Inc. (TSE:ACQ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.89 and traded as high as C$18.73. AutoCanada shares last traded at C$18.07, with a volume of 18,394 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACQ shares. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. CIBC upped their price objective on shares of AutoCanada from C$15.00 to C$16.00 and gave the company an “underperform” rating in a report on Monday, January 13th. BMO Capital Markets reduced their target price on shares of AutoCanada from C$19.50 to C$19.00 in a research note on Thursday, November 14th. Finally, National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$19.56.

AutoCanada Stock Up 4.8 %

The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The firm has a fifty day moving average price of C$18.02 and a 200 day moving average price of C$16.89. The firm has a market capitalization of C$450.12 million, a price-to-earnings ratio of -12.36, a PEG ratio of 0.30 and a beta of 2.54.

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.