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North American Construction Group (TSE:NOA) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

North American Construction Group logo with Energy background

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.01 and traded as low as C$21.67. North American Construction Group shares last traded at C$21.79, with a volume of 94,179 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James Financial cut North American Construction Group from a "strong-buy" rating to an "outperform" rating and set a C$40.00 price target on the stock. in a research note on Tuesday, April 22nd. CIBC decreased their price target on North American Construction Group from C$37.00 to C$36.00 in a research note on Thursday, May 22nd. ATB Capital decreased their price target on North American Construction Group from C$37.00 to C$34.00 and set an "outperform" rating on the stock in a research note on Friday, June 27th. National Bankshares decreased their price target on North American Construction Group from C$44.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, BMO Capital Markets decreased their price target on North American Construction Group from C$34.00 to C$30.00 in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, North American Construction Group has an average rating of "Buy" and an average target price of C$35.38.

Check Out Our Latest Stock Analysis on NOA

North American Construction Group Stock Performance

The firm has a fifty day simple moving average of C$23.14 and a 200-day simple moving average of C$24.89. The company has a market cap of C$601.72 million, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 212.25.

North American Construction Group Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 2.14%. North American Construction Group's dividend payout ratio is currently 18.81%.

Insider Activity

In other news, Director Martin Robert Ferron sold 10,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total transaction of C$247,400.00. 8.93% of the stock is owned by corporate insiders.

About North American Construction Group

(Get Free Report)

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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