North West (TSE:NWC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

The North West Company Inc. (TSE:NWC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.52 and traded as high as C$52.26. North West shares last traded at C$52.08, with a volume of 144,657 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NWC. Cibc World Mkts raised shares of North West to a “strong-buy” rating in a research note on Wednesday, February 19th. BMO Capital Markets upgraded North West from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$56.00 to C$58.00 in a report on Thursday, December 19th. Finally, CIBC set a C$59.00 price objective on North West and gave the company an “outperform” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$53.20.

North West Price 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 firm has a market capitalization of C$2.51 billion, a P/E ratio of 19.15, a P/E/G ratio of 1.11 and a beta of 0.64. The stock’s 50 day simple moving average is C$47.11 and its 200 day simple moving average is C$49.52.

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.