AutoCanada (OTCMKTS:AOCIF) Shares Up 4.3% – Time to Buy?

AutoCanada Inc. (OTCMKTS:AOCIF) shares traded up 4.3% during mid-day trading on Friday . The company traded as high as $15.50 and last traded at $15.50. 592 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 1,634 shares. The stock had previously closed at $14.86.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AOCIF shares. National Bankshares reissued an “outperform” rating on shares of AutoCanada in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of AutoCanada in a report on Monday, November 17th. CIBC raised shares of AutoCanada from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 26th. Finally, BMO Capital Markets upgraded shares of AutoCanada from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

AutoCanada Stock Up 4.3%

The company has a 50-day simple moving average of $18.49 and a 200 day simple moving average of $19.26.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.