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

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.00 and traded as high as C$23.05. North American Construction Group shares last traded at C$22.76, with a volume of 62,237 shares.

Analyst Upgrades and Downgrades

NOA has been the topic of a number of recent research reports. TD Securities reduced their price target on shares of North American Construction Group from C$21.00 to C$19.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. Canadian Imperial Bank of Commerce cut their target price on shares of North American Construction Group from C$22.00 to C$20.00 in a research note on Tuesday, December 30th. National Bank Financial set a C$28.00 target price on North American Construction Group and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Finally, Roth Mkm upgraded North American Construction Group to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$28.06.

North American Construction Group Price Performance

The business has a fifty day moving average of C$20.69 and a 200 day moving average of C$20.01. The company has a debt-to-equity ratio of 212.25, a current ratio of 1.13 and a quick ratio of 0.79. The stock has a market cap of C$656.51 million, a PE ratio of 17.78, a P/E/G ratio of 0.79 and a beta of 0.35.

North American Construction Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $0.48 annualized dividend and a yield of 2.1%. North American Construction Group’s dividend payout ratio is currently 37.80%.

North American Construction Group Company Profile

North American Construction Group Ltd is Canada’s provider of heavy civil construction and mining contractors. The company has provided services to the oil, natural gas and resource companies.