Waste Connections (TSE:WCN) Shares Pass Below 50 Day Moving Average - Should You Sell?

Shares of Waste Connections, Inc. (TSE:WCN - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$270.77 and traded as low as C$265.18. Waste Connections shares last traded at C$268.33, with a volume of 206,379 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WCN shares. Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a research report on Tuesday, May 6th. William Blair upgraded Waste Connections to a "strong-buy" rating in a research report on Thursday, April 3rd.

Waste Connections Stock Down 0.8%

The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 102.69. The company has a market cap of C$48.93 billion, a PE ratio of 52.03, a P/E/G ratio of 2.22 and a beta of 0.72. The stock has a 50-day moving average of C$271.14 and a 200-day moving average of C$264.28.

Insider Activity at Waste Connections

In related news, Senior Officer Darrell W. Chambliss sold 13,566 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$271.15, for a total value of C$3,678,448.03. Also, Senior Officer James M. Little sold 4,200 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of C$274.59, for a total value of C$1,153,266.71. Insiders have sold a total of 22,766 shares of company stock valued at $6,185,495 over the last 90 days. 0.21% of the stock is owned by insiders.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.