North West (TSE:NWC) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

The North West Company Inc. (TSE:NWC - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$50.11 and traded as high as C$57.37. North West shares last traded at C$56.88, with a volume of 131,227 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. CIBC increased their price target on North West from C$59.00 to C$60.00 and gave the company an "outperform" rating in a report on Friday, April 11th. TD Securities lifted their price objective on North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Finally, Cibc World Mkts upgraded North West to a "strong-buy" rating in a report on Wednesday, February 19th.

North West Price Performance

The stock's fifty day moving average price is C$52.99 and its 200-day moving average price is C$50.20. The firm has a market cap of C$2.74 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78.

North West Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.60 annualized dividend and a yield of 2.81%. North West's dividend payout ratio (DPR) is 58.83%.

Insider Buying and Selling at North West

In other news, Senior Officer Michael Beaulieu sold 1,850 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of C$54.77, for a total value of C$101,324.50. Also, Director George Mcconnell Daniel sold 10,943 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of C$54.95, for a total value of C$601,317.85. Insiders have sold 21,928 shares of company stock worth $1,191,408 over the last quarter. 0.12% of the stock is currently owned by company insiders.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.