North West (TSE:NWC) Shares Cross Above 200-Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$47.83 and traded as high as C$49.64. North West shares last traded at C$49.50, with a volume of 33,892 shares trading hands.

Analyst Upgrades and Downgrades

NWC has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$56.00 to C$58.00 in a research report on Thursday, December 19th. Finally, TD Securities boosted their price target on North West from C$52.00 to C$59.00 in a research report on Friday, September 6th.

North West Trading Up 1.4 %

The stock has a market capitalization of C$2.36 billion, a PE ratio of 18.07, a PEG 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 business’s 50-day moving average is C$51.93 and its two-hundred day moving average is C$47.83.

Insider Activity

In related 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 shares were sold at an average price of C$52.67, for a total transaction of C$100,020.33. Also, Senior Officer Matthew Johnson sold 1,179 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$52.37, for a total transaction of C$61,744.23. Over the last quarter, insiders sold 23,883 shares of company stock valued at $1,248,440. 0.12% of the stock is currently owned by company insiders.

North West Company Profile

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.