North West (TSE:NWC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$43.89 and traded as high as C$51.47. North West shares last traded at C$51.10, with a volume of 58,197 shares traded.

Wall Street Analysts Forecast Growth

NWC has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. TD Securities lifted their target price on North West from C$52.00 to C$59.00 in a report on Friday, September 6th. Finally, BMO Capital Markets lifted their target price on North West from C$44.00 to C$56.00 in a report on Friday, September 6th.

North West Price Performance

The stock has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00. The stock has a 50-day simple moving average of C$49.38 and a 200 day simple moving average of C$43.89.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.02. The business had revenue of C$646.49 million during the quarter. North West had a return on equity of 19.76% and a net margin of 5.25%. On average, equities research analysts forecast that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. This is a positive change from North West’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, September 30th. North West’s payout ratio is 58.39%.

Insider Buying and Selling

In other North West news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of North West stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total value of C$100,020.33. In other news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total transaction of C$100,020.33. Also, Senior Officer Michael Beaulieu sold 3,522 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$50.78, for a total value of C$178,847.16. In the last ninety days, insiders sold 20,030 shares of company stock worth $1,038,687. 0.12% of the stock is currently owned by insiders.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.