North American Construction Group (TSE:NOA) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

North American Construction Group Ltd. (TSE:NOA) (NYSE:NOA)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$17.62 and traded as high as C$17.82. North American Construction Group shares last traded at C$17.71, with a volume of 91,231 shares trading hands.

Analyst Upgrades and Downgrades

NOA has been the subject of several analyst reports. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a “hold” rating to a “moderate buy” rating and set a C$23.50 target price for the company in a research note on Monday. National Bank Financial dropped their price objective on North American Construction Group from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$22.64.

North American Construction Group Trading Down 3.9%

The firm has a market cap of C$452.69 million, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company’s 50-day moving average price is C$17.56 and its 200-day moving average price is C$19.39. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 246.95.

North American Construction Group (TSE:NOA) (NYSE:NOA) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$400.96 million during the quarter. North American Construction Group had a net margin of 2.41% and a return on equity of 7.40%. Equities analysts expect that North American Construction Group Ltd. will post 4.06 EPS for the current fiscal year.

North American Construction Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.9%. North American Construction Group’s dividend payout ratio is presently 42.86%.

Insider Buying and Selling at North American Construction Group

In other news, insider North American Construction Group Ltd. purchased 110,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of C$19.01 per share, with a total value of C$2,091,100.00. Following the completion of the purchase, the insider directly owned 110,000 shares of the company’s stock, valued at approximately C$2,091,100. The trade was a ? increase in their position. 8.93% of the stock is currently owned by company insiders.

About North American Construction Group

North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets.