North West (TSE:NWC) Stock Passes Below 200-Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC)’s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$56.00 to C$58.00 in a research note on Thursday, December 19th.

North West Price Performance

The company has a market cap of C$2.20 billion, a PE ratio of 16.83, a PEG ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64. The stock’s 50-day moving average is C$50.76 and its 200 day moving average is C$48.52.

Insider Activity

In other news, Senior Officer Jim Caldwell sold 1,126 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$48.89, for a total transaction of C$55,050.14. Following the transaction, the insider now owns 916 shares in the company, valued at C$44,783.24. This represents a 55.14 % decrease in their ownership of the stock. Also, Senior Officer John King sold 4,554 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of C$52.80, for a total transaction of C$240,451.20. In the last quarter, insiders sold 10,461 shares of company stock worth $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.