North American Construction Group (NYSE:NOA) Stock Price Passes Above Two Hundred Day Moving Average of $22.02

Shares of North American Construction Group Ltd. (NYSE:NOAGet Free Report) (TSE:NOA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.02 and traded as high as $23.67. North American Construction Group shares last traded at $23.60, with a volume of 52,124 shares traded.

North American Construction Group Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.25 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $21.58 and its two-hundred day simple moving average is $22.02. The stock has a market cap of $630.99 million, a price-to-earnings ratio of 13.49 and a beta of 1.57.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in shares of North American Construction Group in the 2nd quarter valued at $23,882,000. Triasima Portfolio Management inc. boosted its stake in shares of North American Construction Group by 272.7% in the 2nd quarter. Triasima Portfolio Management inc. now owns 423,212 shares of the oil and gas company’s stock valued at $10,728,424,000 after purchasing an additional 309,674 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of North American Construction Group by 59.5% in the 1st quarter. Renaissance Technologies LLC now owns 771,400 shares of the oil and gas company’s stock valued at $11,156,000 after purchasing an additional 287,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of North American Construction Group by 101.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,500 shares of the oil and gas company’s stock valued at $11,819,000 after purchasing an additional 274,600 shares in the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of North American Construction Group by 325.9% in the third quarter. Quadrature Capital Ltd now owns 299,400 shares of the oil and gas company’s stock valued at $6,551,000 after buying an additional 229,100 shares during the last quarter. Institutional investors and hedge funds own 61.68% of the company’s stock.

About North American Construction Group

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North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. Its Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services; and Equipment Maintenance services.

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