North West (TSE:NWC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.11 and traded as high as C$57.37. North West shares last traded at C$56.88, with a volume of 131,227 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWC. BMO Capital Markets increased their price target on North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. TD Securities lifted their target price on North West from C$59.00 to C$63.00 and gave the company a “buy” rating in a research report on Thursday, April 10th. CIBC lifted their target price on North West from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Finally, Cibc World Mkts raised North West to a “strong-buy” rating in a research report on Wednesday, February 19th.

North West Stock Performance

The firm has a 50-day simple moving average of C$52.38 and a two-hundred day simple moving average of C$50.14. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The company has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.11 and a beta of 0.64.

North West Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 24th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Wednesday, April 16th. North West’s payout ratio is presently 58.83%.

Insider Activity

In other news, Senior Officer David Michael Chatyrbok sold 5,916 shares of North West stock in a transaction dated Monday, April 21st. The stock was sold at an average price of C$54.01, for a total value of C$319,523.16. Also, Director George Mcconnell Daniel sold 10,943 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of C$54.95, for a total value of C$601,317.85. In the last quarter, insiders sold 21,928 shares of company stock worth $1,191,408. 0.12% of the stock is currently owned by company insiders.

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.