Aecon Group (OTCMKTS:AEGXF) Stock Price Down 4.9% – Time to Sell?

Shares of Aecon Group Inc. (OTCMKTS:AEGXF) were down 4.9% during mid-day trading on Monday . The company traded as low as $19.37 and last traded at $19.37. Approximately 30,484 shares changed hands during trading, an increase of 319% from the average daily volume of 7,281 shares. The stock had previously closed at $20.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEGXF shares. Raymond James Financial reissued an “outperform” rating on shares of Aecon Group in a research report on Tuesday, October 21st. TD Securities reissued a “buy” rating on shares of Aecon Group in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $23.00.

Aecon Group Stock Down 4.9%

The company has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $14.77.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.