North West (TSE:NWC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$51.58 and traded as low as C$48.91. North West shares last traded at C$49.10, with a volume of 123,203 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NWC shares. Royal Bank Of Canada dropped their price target on North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. TD Securities raised shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce upped their target price on shares of North West from C$58.00 to C$62.00 and gave the stock an “outperformer” rating in a research report on Thursday. Finally, BMO Capital Markets cut their target price on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, North West has a consensus rating of “Buy” and an average target price of C$60.67.

North West Price Performance

The firm has a market cap of C$2.48 billion, a PE ratio of 18.00, a PEG ratio of 1.11 and a beta of -0.01. The firm has a fifty day simple moving average of C$50.06 and a two-hundred day simple moving average of C$51.54. The company has a debt-to-equity ratio of 57.00, a quick ratio of 0.64 and a current ratio of 1.84.

North West (TSE:NWC) last issued its quarterly earnings data on Tuesday, September 8th. The company reported C$0.76 earnings per share (EPS) for the quarter. The business had revenue of C$681.96 million for the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%. Equities analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. North West’s payout ratio is currently 56.21%.

About North West

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.