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

Shares of North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$19.23 and traded as low as C$17.62. North American Construction Group shares last traded at C$17.73, with a volume of 75,394 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial dropped their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, North American Construction Group has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

North American Construction Group Trading Down 1.5%

The stock has a market capitalization of C$470.19 million, a P/E ratio of 15.60, a P/E/G ratio of 0.79 and a beta of 0.89. The firm’s 50 day moving average price is C$18.90 and its 200 day moving average price is C$19.21. The company has a debt-to-equity ratio of 246.95, a current ratio of 1.07 and a quick ratio of 0.79.

North American Construction Group (TSE:NOA) (NYSE:NOA) last posted its earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. The company had revenue of C$400.96 million during the quarter. As a group, equities research analysts expect that North American Construction Group Ltd. will post 4.0597484 earnings per share for the current fiscal year.

North American Construction Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be issued a $0.12 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.48 annualized dividend and a yield of 2.7%. North American Construction Group’s dividend payout ratio (DPR) is 42.86%.

Insider Buying and Selling

In other North American Construction Group news, Director Martin Robert Ferron bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was bought at an average price of C$17.76 per share, for a total transaction of C$88,800.00. Following the completion of the acquisition, the director directly owned 2,300,738 shares in the company, valued at C$40,861,106.88. The trade was a 0.22% increase in their ownership of the stock. Also, insider North American Construction Group Ltd. purchased 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of C$19.01 per share, for a total transaction of C$2,091,100.00. Following the acquisition, the insider owned 110,000 shares of the company’s stock, valued at C$2,091,100. This represents a ∞ increase in their ownership of the stock. Over the last quarter, insiders bought 280,000 shares of company stock worth $5,338,000. Corporate insiders own 8.93% of the company’s stock.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.