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

The North West Company Inc. (TSE:NWC - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$50.15 and traded as low as C$47.17. North West shares last traded at C$47.61, with a volume of 131,090 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NWC shares. CIBC upped their target price 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. BMO Capital Markets raised their target price on shares of North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. Finally, TD Securities boosted their price target on shares of North West from C$59.00 to C$63.00 and gave the company a "buy" rating in a report on Thursday, April 10th.

North West Stock Up 1.0%

The stock has a market capitalization of C$2.31 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The firm has a 50-day moving average of C$53.65 and a two-hundred day moving average of C$50.15.

North West Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a $0.53 dividend. The ex-dividend date is Friday, June 27th. This is a boost from North West's previous quarterly dividend of $0.40. This represents a $2.12 dividend on an annualized basis and a yield of 4.41%. North West's payout ratio is 58.83%.

Insider Buying and Selling

In other North West news, Senior Officer Michael Beaulieu sold 1,850 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of C$54.77, for a total transaction of C$101,324.50. Also, Senior Officer Vineet Gupta bought 2,200 shares of North West stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average price of C$49.95 per share, with a total value of C$109,890.00. Over the last three months, insiders sold 21,928 shares of company stock valued at $1,191,408. 0.12% of the stock is 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.