AutoCanada (TSE:ACQ) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

AutoCanada Inc. (TSE:ACQ) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.95 and traded as high as C$19.30. AutoCanada shares last traded at C$19.04, with a volume of 57,027 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. CIBC boosted their price objective on shares of AutoCanada from C$15.00 to C$16.00 and gave the stock an “underperform” rating in a report on Monday, January 13th. National Bank Financial upgraded shares of AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. National Bankshares upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. Finally, BMO Capital Markets decreased their price objective on shares of AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$19.56.

AutoCanada Stock Performance

The business’s 50-day moving average price is C$18.27 and its 200-day moving average price is C$16.95. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The stock has a market cap of C$441.54 million, a P/E ratio of -12.13, a P/E/G ratio of 0.30 and a beta of 2.54.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.