AutoCanada (ACQ) Reaches New 52-Week Low at $8.36
AutoCanada Inc. (TSE:ACQ) hit a new 52-week low during trading on Friday . The stock traded as low as C$8.36 and last traded at C$11.16, with a volume of 992651 shares traded. The stock had previously closed at C$9.83.
ACQ has been the topic of several research analyst reports. Canaccord Genuity lowered shares of AutoCanada from a “buy” rating to a “hold” rating and cut their price target for the stock from C$27.00 to C$11.00 in a research note on Monday, August 13th. Royal Bank of Canada cut their price target on shares of AutoCanada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. National Bank Financial lowered shares of AutoCanada from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$23.50 to C$15.00 in a research note on Friday, August 10th. Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research note on Friday, August 3rd. Finally, Cormark lifted their price target on shares of AutoCanada from C$9.00 to C$10.75 in a research note on Wednesday, September 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of C$17.21.
The company has a debt-to-equity ratio of 243.48, a quick ratio of 0.22 and a current ratio of 1.10.
In other AutoCanada news, Director Maryann Natalie Keller acquired 3,000 shares of the stock in a transaction on Monday, August 20th. The shares were bought at an average cost of C$8.71 per share, with a total value of C$26,130.00. Also, Director Dennis Stephan Desrosiers acquired 10,000 shares of the stock in a transaction on Friday, August 17th. The shares were acquired at an average cost of C$11.23 per share, for a total transaction of C$112,300.00. Insiders have acquired a total of 137,175 shares of company stock worth $1,701,362 over the last three months.
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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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