AutoCanada (OTCMKTS:AOCIF) Shares Down 1.3% – Here’s What Happened

Shares of AutoCanada Inc. (OTCMKTS:AOCIF) traded down 1.3% on Thursday. The stock traded as low as $15.84 and last traded at $15.84. Approximately 7,315 shares were traded during trading, a decline of 32% from the average daily volume of 10,800 shares. The stock had previously closed at $16.0450.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AOCIF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of AutoCanada in a research report on Tuesday, August 18th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of AutoCanada in a report on Friday, August 14th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of AutoCanada in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

AutoCanada Stock Down 1.3%

The business has a fifty day moving average of $15.87 and a two-hundred day moving average of $15.56.

AutoCanada Company Profile

AutoCanada Inc is an automotive dealership group headquartered in Edmonton, Alberta. The company operates franchised dealerships in Canada and selected markets in the United States, representing a range of vehicle manufacturers and serving consumers and commercial customers.

Its dealerships sell new and used automobiles, trucks and other vehicles, while also providing parts, maintenance and repair services. AutoCanada also offers financing and insurance products, vehicle protection plans, collision repair and other related automotive services through its dealership and ancillary operations.

Established in 2006, AutoCanada has grown through acquisitions and the development of a multi-brand dealership network.