AutoCanada (OTCMKTS:AOCIF) Trading 4.5% Higher – Should You Buy?

AutoCanada Inc. (OTCMKTS:AOCIFGet Free Report)’s stock price was up 4.5% during mid-day trading on Friday . The company traded as high as $17.35 and last traded at $17.35. Approximately 500 shares were traded during trading, a decline of 69% from the average daily volume of 1,622 shares. The stock had previously closed at $16.60.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Report on AOCIF

AutoCanada Price Performance

The company has a 50 day moving average of $16.66 and a 200 day moving average of $19.36.

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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