Alimentation Couche-Tard (OTCMKTS:ANCTF) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.32 and traded as low as $49.18. Alimentation Couche-Tard shares last traded at $49.51, with a volume of 19,997 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANCTF. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Monday, February 17th. UBS Group raised shares of Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 13th. Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, March 4th. Finally, Desjardins lowered shares of Alimentation Couche-Tard from a “moderate buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Alimentation Couche-Tard Stock Performance

The firm’s 50-day simple moving average is $51.91 and its 200 day simple moving average is $54.32.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.