AutoCanada (TSE:ACQ) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

AutoCanada Inc. (TSE:ACQ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.21 and traded as high as C$17.52. AutoCanada shares last traded at C$17.50, with a volume of 2,590 shares changing hands.

Wall Street Analyst Weigh In

ACQ has been the subject of several recent analyst reports. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$17.00 to C$21.00 in a research note on Thursday, November 14th. CIBC dropped their target price on AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. BMO Capital Markets lowered their price target on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, AutoCanada has a consensus rating of “Hold” and a consensus price target of C$19.44.

AutoCanada Stock Up 1.1 %

The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38. The firm’s 50 day simple moving average is C$17.13 and its 200 day simple moving average is C$17.21. The company has a market cap of C$405.83 million, a price-to-earnings ratio of -11.15, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54.

About AutoCanada

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.