AutoCanada (TSE:ACQ) Reaches New 52-Week High at $13.76

AutoCanada Inc. (TSE:ACQ) reached a new 52-week high on Wednesday . The stock traded as high as C$13.76 and last traded at C$13.69, with a volume of 60377 shares trading hands. The stock had previously closed at C$13.38.

A number of analysts have issued reports on the company. AltaCorp Capital raised AutoCanada from a “sector perform” rating to an “outperform” rating in a research note on Sunday, August 11th. Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research report on Friday, August 9th. Finally, CIBC raised their target price on shares of AutoCanada from C$11.00 to C$12.00 in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. AutoCanada currently has an average rating of “Hold” and a consensus price target of C$12.00.

The business’s fifty day moving average price is C$10.43 and its two-hundred day moving average price is C$9.89. The company has a debt-to-equity ratio of 347.02, a quick ratio of 0.21 and a current ratio of 1.07. The stock has a market capitalization of $366.84 million and a P/E ratio of -9.74.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 26th. AutoCanada’s dividend payout ratio is -28.33%.

About AutoCanada (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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