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

Key Points

• North American Construction Group shares fell below their 200-day moving average, trading as low as C$17.08 versus the C$19.10 average, before closing at C$17.38.
• Analysts remain moderately bullish despite National Bank Financial lowering its price target to C$28.00. The stock has a consensus “Moderate Buy” rating and an average price target of C$22.71.
• The company reported C$0.32 in quarterly EPS on C$400.96 million in revenue and maintains a quarterly dividend of C$0.12, equivalent to a 2.8% annual yield. An insider also purchased 110,000 shares at approximately C$19.01 each.

North American Construction Group Ltd. (TSE:NOA - Get Free Report) NYSE: NOA's share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$19.10 and traded as low as C$17.08. North American Construction Group shares last traded at C$17.38, with a volume of 52,200 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial dropped their price target on shares of North American Construction Group from C$30.00 to C$28.00 and set an "outperform" rating for the company in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$22.71.

North American Construction Group Stock Performance

The stock's 50-day simple moving average is C$18.68 and its 200 day simple moving average is C$19.10. The company has a debt-to-equity ratio of 246.95, a quick ratio of 0.79 and a current ratio of 1.07. The company has a market capitalization of C$467.77 million, a PE ratio of 15.52, a P/E/G ratio of 0.79 and a beta of 0.89.

North American Construction Group (TSE:NOA - Get Free Report) NYSE: NOA last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$400.96 million for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. As a group, research analysts expect that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were paid a $0.12 dividend. The ex-dividend date was Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.8%. North American Construction Group's dividend payout ratio (DPR) is currently 42.86%.

Insider Transactions at North American Construction Group

In other North American Construction Group news, insider North American Construction Group Ltd. purchased 110,000 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of C$19.01 per share, with a total value of C$2,091,100.00. Following the acquisition, the insider directly owned 110,000 shares of the company's stock, valued at approximately C$2,091,100. This represents a ∞ increase in their ownership of the stock. 8.93% of the stock is owned by company insiders.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.