AutoCanada (TSE:ACQ) Share Price Passes Above 200-Day Moving Average – Should You Sell?

AutoCanada Inc. (TSE:ACQ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.10 and traded as high as C$17.52. AutoCanada shares last traded at C$17.33, with a volume of 2,736 shares trading hands.

Analysts Set New Price Targets

ACQ has been the topic of several research reports. 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 lifted their target price for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. BMO Capital Markets lowered their price target on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th. Finally, CIBC reduced their price objective on AutoCanada from C$15.50 to C$15.00 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$19.44.

AutoCanada Trading Up 0.1 %

The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 444.38. The business has a 50 day simple moving average of C$17.31 and a two-hundred day simple moving average of C$17.11. The stock has a market cap of C$412.32 million, a price-to-earnings ratio of -11.32, a price-to-earnings-growth 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.