AutoCanada (TSE:ACQ) Stock Price Crosses Above Two Hundred Day Moving Average of $9.84
Shares of AutoCanada Inc. (TSE:ACQ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.84 and traded as high as $13.68. AutoCanada shares last traded at $13.65, with a volume of 91,597 shares trading hands.
Several equities research analysts recently issued reports on ACQ shares. CIBC boosted their price target on AutoCanada from C$11.00 to C$12.00 in a research note on Monday, November 11th. AltaCorp Capital upgraded AutoCanada from a “sector perform” rating to an “outperform” rating in a research note on Sunday, August 11th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$12.00.
The company has a quick ratio of 0.21, a current ratio of 1.07 and a debt-to-equity ratio of 347.02. The firm has a market capitalization of $368.48 million and a P/E ratio of -9.74. The firm has a 50 day moving average of C$9.99 and a 200-day moving average of C$9.84.
About AutoCanada (TSE:ACQ)
AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.
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