North American Construction Group (TSE:NOA) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.01 and traded as low as C$21.67. North American Construction Group shares last traded at C$21.79, with a volume of 94,179 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. National Bankshares lowered their target price on shares of North American Construction Group from C$44.00 to C$41.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Ventum Financial dropped their target price on North American Construction Group from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday, March 21st. TD Securities dropped their price target on shares of North American Construction Group from C$33.00 to C$27.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. ATB Capital cut their price objective on shares of North American Construction Group from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Friday, June 27th. Finally, Raymond James Financial lowered shares of North American Construction Group from a “strong-buy” rating to an “outperform” rating and set a C$40.00 price objective for the company. in a research note on Tuesday, April 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$35.38.

North American Construction Group Stock Performance

The firm has a market cap of C$583.25 million, a P/E ratio of 10.24, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 212.25, a quick ratio of 0.79 and a current ratio of 1.13. The business’s 50-day simple moving average is C$23.07 and its 200 day simple moving average is C$25.01.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, July 11th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, June 4th. North American Construction Group’s dividend payout ratio (DPR) is currently 18.81%.

Insider Buying and Selling at North American Construction Group

In related news, Director Martin Robert Ferron sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of C$24.74, for a total value of C$247,400.00. 8.93% of the stock is currently owned by insiders.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.