North American Construction Group (NYSE:NOA) Upgraded at Wall Street Zen

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Wednesday.

Separately, Raymond James cut North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd.

North American Construction Group Stock Performance

Shares of North American Construction Group stock traded up $0.14 on Wednesday, hitting $17.15. The stock had a trading volume of 34,060 shares, compared to its average volume of 70,854. The stock has a market cap of $524.71 million, a price-to-earnings ratio of 11.91 and a beta of 1.32. The business's 50 day moving average is $15.69 and its two-hundred day moving average is $18.20. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. North American Construction Group has a twelve month low of $13.19 and a twelve month high of $22.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its position in North American Construction Group by 284.3% during the fourth quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock worth $171,000 after buying an additional 5,884 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of North American Construction Group during the 4th quarter valued at $204,000. Tranquility Partners LLC grew its holdings in shares of North American Construction Group by 4.4% during the 1st quarter. Tranquility Partners LLC now owns 15,584 shares of the oil and gas company's stock worth $246,000 after purchasing an additional 658 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of North American Construction Group in the fourth quarter worth $269,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of North American Construction Group in the fourth quarter worth $295,000. 74.99% of the stock is owned by institutional investors.

North American Construction Group Company Profile

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.