North West (TSE:NWC) Stock Passes Above 200 Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$50.22 and traded as high as C$57.10. North West shares last traded at C$57.05, with a volume of 126,160 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on NWC. TD Securities upped their price objective on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. CIBC upped their price objective on North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. BMO Capital Markets upped their price objective on North West from C$58.00 to C$60.00 in a report on Thursday, April 10th. Finally, Cibc World Mkts upgraded North West to a “strong-buy” rating in a report on Wednesday, February 19th.

North West Stock Performance

The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The business has a 50 day moving average price of C$53.56 and a two-hundred day moving average price of C$50.27. The company has a market cap of C$2.74 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64.

North West Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Wednesday, April 16th. North West’s dividend payout ratio (DPR) is presently 58.83%.

Insider Activity

In other news, Senior Officer Michael Beaulieu sold 1,850 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of C$54.77, for a total value of C$101,324.50. Also, Director George Mcconnell Daniel sold 10,943 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of C$54.95, for a total value of C$601,317.85. In the last quarter, insiders sold 21,928 shares of company stock valued at $1,191,408. Insiders own 0.12% of the company’s stock.

About North West

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.