Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Crosses Above 200-Day Moving Average – Here’s Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.38 and traded as high as $82.43. Grupo Aeroportuario del Centro Norte shares last traded at $82.04, with a volume of 44,282 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.50.

Grupo Aeroportuario del Centro Norte Stock Up 1.2 %

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $3.49 billion, a P/E ratio of 14.47 and a beta of 1.25. The business has a 50-day moving average price of $77.25 and a 200 day moving average price of $71.38.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Grupo Aeroportuario del Centro Norte by 3,581.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after buying an additional 394 shares during the last quarter. US Bancorp DE lifted its position in Grupo Aeroportuario del Centro Norte by 143.8% in the third quarter. US Bancorp DE now owns 507 shares of the transportation company’s stock worth $34,000 after buying an additional 299 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Grupo Aeroportuario del Centro Norte by 94.3% in the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after buying an additional 279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after buying an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter worth $48,000. 9.53% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.