AutoCanada (TSE:ACQ) Shares Pass Above Two Hundred Day Moving Average of $9.45

AutoCanada Inc. (TSE:ACQ) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.45 and traded as high as $14.29. AutoCanada shares last traded at $14.05, with a volume of 77,815 shares.

A number of research firms have weighed in on ACQ. National Bank Financial raised their target price on shares of AutoCanada from C$6.00 to C$6.50 and gave the stock a “sector perform” rating in a research note on Friday, June 5th. AltaCorp Capital reduced their price target on shares of AutoCanada from C$20.00 to C$15.00 in a research report on Wednesday, April 22nd. Canaccord Genuity reduced their price target on shares of AutoCanada from C$12.00 to C$8.00 in a research report on Tuesday, April 21st. Scotiabank lifted their price target on shares of AutoCanada from C$13.00 to C$18.50 in a research report on Friday, July 24th. Finally, CIBC lifted their target price on shares of AutoCanada from C$5.00 to C$9.00 in a report on Friday, June 5th.

The company has a quick ratio of 0.12, a current ratio of 0.99 and a debt-to-equity ratio of 505.69. The firm has a market cap of $385.21 million and a PE ratio of -5.33. The firm’s 50 day moving average is C$11.09 and its 200-day moving average is C$9.45.

AutoCanada (TSE:ACQ) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported C($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.61). The company had revenue of C$708.83 million for the quarter, compared to analyst estimates of C$704.00 million. On average, analysts forecast that AutoCanada Inc. will post 1.01 earnings per share for the current year.

AutoCanada Company Profile (TSE:ACQ)

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, and other after-market products.

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