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

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

NOA has been the topic of several analyst reports. BMO Capital Markets dropped their target price on shares of North American Construction Group from C$34.00 to C$30.00 in a research note on Thursday, April 17th. ATB Capital decreased their price objective on shares of North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating for the company in a report on Friday. Raymond James Financial downgraded North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 target price on the stock. in a research note on Tuesday, April 22nd. National Bankshares reduced 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. Finally, CIBC lowered their price target 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$35.38.

North American Construction Group Trading Down 3.3%

The company has a current ratio of 1.13, a quick ratio of 0.79 and a debt-to-equity ratio of 212.25. The stock has a market capitalization of C$591.28 million, a PE ratio of 10.39, a P/E/G ratio of 0.79 and a beta of 1.59. The stock has a 50 day moving average price of C$23.03 and a 200-day moving average price of C$25.20.

North American Construction Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.17%. North American Construction Group's dividend payout ratio (DPR) is 18.81%.

Insiders Place Their Bets

In other news, Director Martin Robert Ferron sold 10,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of C$24.74, for a total value of C$247,400.00. 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.