Aecon Group (OTCMKTS:AEGXF) Trading Down 3.2% – Should You Sell?

Aecon Group Inc. (OTCMKTS:AEGXF)’s stock price fell 3.2% during mid-day trading on Wednesday . The company traded as low as $33.9525 and last traded at $33.9525. 5,504 shares traded hands during trading, a decline of 80% from the average session volume of 27,448 shares. The stock had previously closed at $35.07.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEGXF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aecon Group in a research report on Thursday, April 30th. TD Securities reiterated a “buy” rating on shares of Aecon Group in a research report on Thursday, April 30th. BMO Capital Markets reiterated a “market perform” rating on shares of Aecon Group in a research report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Aecon Group in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Aecon Group currently has a consensus rating of “Hold”.

Aecon Group Stock Down 3.2%

The company has a 50 day moving average of $33.47 and a 200 day moving average of $27.02.

About Aecon Group

Aecon Group Inc, trading on the OTC market under the symbol AEGXF, is one of Canada’s leading publicly listed infrastructure development and construction companies. Headquartered in Toronto, Ontario, Aecon delivers services across a broad spectrum of sectors, including transportation, energy, mining, and urban development. Since its origins in the late 19th century, Aecon has grown through a series of mergers and strategic acquisitions into a full-service contractor capable of executing projects of varying complexity and scale.

The company’s core business is organized into three main segments: Infrastructure, Urban Development and Concessions, and Industrial.