North American Construction Group (TSE:NOA) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$19.44 and traded as low as C$17.90. North American Construction Group shares last traded at C$18.02, with a volume of 71,220 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered their price objective on shares of North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, North American Construction Group has an average rating of “Moderate Buy” and an average price target of C$22.71.

North American Construction Group Price Performance

The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 246.95. The company has a market capitalization of C$481.22 million, a price-to-earnings ratio of 15.96, a P/E/G ratio of 0.79 and a beta of 0.89. The firm has a 50-day simple moving average of C$19.06 and a two-hundred day simple moving average of C$19.41.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$400.96 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. As a group, analysts predict that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio is presently 42.86%.

Insider Buying and Selling

In related news, insider North American Construction Group Ltd. acquired 165,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average cost of C$19.14 per share, with a total value of C$3,158,100.00. Following the completion of the acquisition, the insider directly owned 165,000 shares in the company, valued at approximately C$3,158,100. This trade represents a ? increase in their position. Also, Director Martin Robert Ferron bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the transaction, the director owned 2,300,738 shares of the company’s stock, valued at approximately C$40,861,106.88. This trade represents a 0.22% increase in their ownership of the stock. Insiders have acquired 280,000 shares of company stock worth $5,338,000 in the last quarter. 8.93% of the stock is currently owned by company insiders.

North American Construction Group Company Profile

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.