Aecon Group (OTCMKTS:AEGXF) Stock Falls 0.5% – Should You Sell?

Aecon Group Inc. (OTCMKTS:AEGXF)’s stock price fell 0.5% during trading on Monday. The stock traded as low as $36.1920 and last traded at $36.24. Approximately 32,507 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 33,243 shares. The stock had previously closed at $36.42.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upgraded shares of Aecon Group from an “outperform” rating to an “outperform” rating in a research report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Aecon Group presently has an average rating of “Hold”.

Aecon Group Stock Down 0.5%

The business has a fifty day simple moving average of $34.67 and a 200-day simple moving average of $34.21.

Aecon Group Company Profile

Aecon Group Inc is a Canadian construction and infrastructure development company headquartered in Toronto, Ontario. Through its construction operations, the company provides engineering, procurement and construction services for transportation, utilities, energy, industrial, mining and building projects.

Aecon works on major infrastructure assets, including roads, bridges, transit systems, airports, water and wastewater facilities, power-generation projects and telecommunications networks.