Waste Connections (TSE:WCN) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Waste Connections, Inc. (TSE:WCN) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$235.22 and traded as low as C$228.59. Waste Connections shares last traded at C$229.79, with a volume of 238,043 shares.

Waste Connections Stock Performance

The company has a market capitalization of C$58.08 billion, a PE ratio of 55.77, a PEG ratio of 2.22 and a beta of 0.43. The company has a debt-to-equity ratio of 121.68, a quick ratio of 0.74 and a current ratio of 0.66. The business’s 50-day moving average is C$235.49 and its 200-day moving average is C$226.04.

Insider Buying and Selling

In related news, insider Robert Andres Nielsen sold 300 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the sale, the insider directly owned 3,950 shares of the company’s stock, valued at approximately C$959,573.50. This represents a 7.06% decrease in their position. Company insiders own 0.21% of the company’s stock.

About Waste Connections

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.