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

AutoCanada Inc. (OTCMKTS:AOCIFGet Free Report) shares shot up 4.5% on Friday . The company traded as high as $17.35 and last traded at $17.35. 500 shares changed hands during trading, a decline of 69% from the average session volume of 1,622 shares. The stock had previously closed at $16.60.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on AOCIF

AutoCanada Stock Up 4.5%

The stock’s fifty day moving average is $16.66 and its two-hundred day moving average is $19.34.

About AutoCanada

(Get Free Report)

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.

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