North American Construction Group (TSE:NOA) Stock Price Crosses Below 200-Day Moving Average - Here's What Happened

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$25.28 and traded as low as C$23.10. North American Construction Group shares last traded at C$23.15, with a volume of 53,144 shares changing hands.

Wall Street Analysts Forecast Growth

NOA has been the subject of several recent research reports. Ventum Financial cut their price target on North American Construction Group from C$45.00 to C$42.00 and set a "buy" rating for the company in a report on Friday, March 21st. National Bankshares dropped their target price on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating for the company in a report on Friday, March 21st. BMO Capital Markets dropped their target price on North American Construction Group from C$34.00 to C$30.00 in a report on Thursday, April 17th. TD Securities dropped their target price on North American Construction Group from C$33.00 to C$27.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, CIBC dropped their target price on North American Construction Group from C$37.00 to C$36.00 in a report on Thursday, May 22nd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, North American Construction Group currently has a consensus rating of "Buy" and a consensus price target of C$35.63.

North American Construction Group Stock Performance

The firm has a market capitalization of C$619.66 million, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The stock has a 50-day moving average of C$22.92 and a 200 day moving average of C$25.28. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13.

North American Construction Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, July 11th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.48 dividend on an annualized basis and a yield of 2.07%. North American Construction Group's dividend payout ratio (DPR) is presently 18.81%.

Insider Buying and Selling at North American Construction Group

In other news, Director Martin Robert Ferron acquired 10,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$22.27 per share, for a total transaction of C$222,700.00. Corporate insiders own 8.93% of the company's stock.

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.

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