AutoCanada (OTCMKTS:AOCIF) Shares Up 4.5% – Time to Buy?

AutoCanada Inc. (OTCMKTS:AOCIF)’s share price was up 4.5% during mid-day trading on Friday . The company traded as high as $17.35 and last traded at $17.35. Approximately 500 shares were traded during trading, a decline of 69% from the average daily volume of 1,622 shares. The stock had previously closed at $16.60.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of AutoCanada in a report on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, AutoCanada presently has an average rating of “Moderate Buy”.

AutoCanada Stock Up 4.5%

The stock has a fifty day moving average price of $16.66 and a two-hundred day moving average price of $19.34.

AutoCanada Company Profile

AutoCanada Inc is an independent multi-location automotive dealership group headquartered in Edmonton, Alberta. The company operates a network of franchised retail dealerships, pre-owned vehicle outlets and collision repair centers. AutoCanada’s dealerships represent leading national and international original equipment manufacturers (OEMs), offering new vehicles as well as certified pre-owned and used automobiles to retail customers. In addition to vehicle sales, the company provides parts and service operations, delivering maintenance, warranty work and genuine OEM parts for a variety of makes and models.

Founded in 2006 by automotive entrepreneur Paul Antony, AutoCanada has grown through strategic acquisitions and organic expansion.