North American Construction Group (TSE:NOA) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• North American Construction Group's stock price fell below its 200-day moving average, closing at C$20.21, with analysts expressing concerns leading to numerous downgrades in ratings and price targets.
• Analysts have downgraded the stock from "buy" to "hold," with price targets ranging from C$21.00 to C$34.00, reflecting a consensus rating of "Moderate Buy" and a target price of C$32.06.
• The company's current market capitalization is C$589.47 million, with a PE ratio of 16.98, and a significant debt-to-equity ratio of 212.25, indicating potential financial risk.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.32 and traded as low as C$20.16. North American Construction Group shares last traded at C$20.21, with a volume of 154,217 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Securities cut North American Construction Group from a "buy" rating to a "hold" rating and lowered their price target for the company from C$25.00 to C$21.00 in a report on Thursday, August 14th. Canaccord Genuity Group cut North American Construction Group from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from C$33.00 to C$24.50 in a report on Friday, July 11th. Atb Cap Markets cut North American Construction Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. National Bankshares decreased their price objective on North American Construction Group from C$40.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Finally, ATB Capital decreased their price objective on North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating on the stock in a report on Friday, June 27th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, North American Construction Group currently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.06.

North American Construction Group Trading Down 0.7%

The company has a market capitalization of C$589.47 million, a PE ratio of 16.98, a PEG ratio of 0.79 and a beta of 0.75. 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 fifty day moving average of C$19.41 and a two-hundred day moving average of C$21.32.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada's provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.

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