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

Shares of AutoCanada Inc. (OTCMKTS:AOCIF) dropped 1.3% on Thursday. The company traded as low as $15.84 and last traded at $15.84. 7,315 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 10,800 shares. The stock had previously closed at $16.0450.

Analyst Upgrades and Downgrades

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

AutoCanada Trading Down 1.3%

The business’s 50-day moving average is $15.87 and its 200-day moving average is $15.56.

About AutoCanada

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.