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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.46 and traded as high as $16.53. North American Construction Group shares last traded at $16.37, with a volume of 81,717 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Loop Capital set a $24.00 price target on shares of North American Construction Group in a research report on Friday, December 19th. ATB Cormark Capital Markets reissued a “sector perform” rating on shares of North American Construction Group in a research report on Friday, December 19th. Roth Mkm initiated coverage on North American Construction Group in a research note on Thursday, February 5th. They issued a “buy” rating and a $25.00 target price on the stock. Wall Street Zen raised North American Construction Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 24th. Finally, Zacks Research cut North American Construction Group from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.50.

North American Construction Group Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.59. The business’s fifty day moving average is $15.22 and its 200 day moving average is $14.46. The company has a market cap of $470.64 million, a P/E ratio of 17.42 and a beta of 1.15.

Institutional Investors Weigh In On North American Construction Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOA. Raymond James Financial Inc. purchased a new stake in North American Construction Group during the second quarter valued at about $122,000. Highlander Partners L.P. bought a new stake in shares of North American Construction Group in the fourth quarter valued at approximately $132,000. Qube Research & Technologies Ltd purchased a new stake in shares of North American Construction Group during the 3rd quarter valued at approximately $153,000. Dynamic Technology Lab Private Ltd bought a new position in North American Construction Group in the 4th quarter worth approximately $165,000. Finally, Lazard Asset Management LLC grew its stake in North American Construction Group by 1,424.1% in the 3rd quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 11,635 shares in the last quarter. 74.99% of the stock is currently owned by institutional investors.

About North American Construction Group

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.