North West (TSE:NWC) Stock Passes Below 200-Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$48.50 and traded as low as C$46.76. North West shares last traded at C$46.89, with a volume of 80,721 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$56.00 to C$58.00 in a research report on Thursday, December 19th.

North West Stock Performance

The company has a market capitalization of C$2.20 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The business has a 50 day moving average of C$50.76 and a 200 day moving average of C$48.52. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00.

Insider Buying and Selling

In other North West news, Director George Mcconnell Daniel sold 4,781 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total transaction of C$252,436.80. Also, Senior Officer Jim Caldwell sold 1,126 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$48.89, for a total value of C$55,050.14. Following the sale, the insider now owns 916 shares in the company, valued at approximately C$44,783.24. This trade represents a 55.14 % decrease in their ownership of the stock. Over the last 90 days, insiders have sold 10,461 shares of company stock worth $547,938. Insiders own 0.12% of the company’s stock.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.