North West (TSE:NWC) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

The North West Company Inc. (TSE:NWC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$48.21 and traded as high as C$49.80. North West shares last traded at C$49.36, with a volume of 53,443 shares.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised shares of North West from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$56.00 to C$58.00 in a research note on Thursday, December 19th.

North West Price Performance

The company’s 50-day moving average is C$51.58 and its 200-day moving average is C$48.21. The firm has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64.

Insider Activity

In other news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total transaction of C$100,020.33. Also, Director George Mcconnell Daniel sold 4,781 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$252,436.80. Insiders sold 22,704 shares of company stock worth $1,186,696 over the last three months. Corporate insiders own 0.12% of the company’s stock.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.