North West (TSE:NWC) Shares Cross Below 200-Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$48.50 and traded as low as C$46.76. North West shares last traded at C$46.89, with a volume of 80,721 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded shares of North West from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$56.00 to C$58.00 in a report on Thursday, December 19th.

North West Stock Down 0.9 %

The firm has a market cap of C$2.24 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The firm has a fifty day moving average price of C$51.06 and a 200-day moving average price of C$48.50.

Insiders Place Their Bets

In other news, Senior Officer Jim Caldwell sold 1,126 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$48.89, for a total transaction of C$55,050.14. Following the completion of the sale, the insider now directly owns 916 shares in the company, valued at C$44,783.24. This represents a 55.14 % decrease in their position. Also, Director George Mcconnell Daniel sold 4,781 shares of North West stock in a transaction on Thursday, October 31st. The shares were sold at an average price of C$52.80, for a total value of C$252,436.80. In the last ninety days, insiders have sold 10,461 shares of company stock valued at $547,938. Insiders own 0.12% of the company’s stock.

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.