Waste Connections (TSE:WCN) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Waste Connections, Inc. (TSE:WCN) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$270.77 and traded as low as C$265.18. Waste Connections shares last traded at C$268.33, with a volume of 206,379 shares changing hands.

Analyst Ratings Changes

WCN has been the subject of several recent research reports. William Blair raised shares of Waste Connections to a “strong-buy” rating in a research report on Thursday, April 3rd. Seaport Res Ptn upgraded Waste Connections to a “strong-buy” rating in a report on Tuesday, May 6th.

Waste Connections Stock Performance

The stock has a market cap of C$48.78 billion, a PE ratio of 51.86, a PEG ratio of 2.22 and a beta of 0.72. The stock has a fifty day simple moving average of C$270.77 and a two-hundred day simple moving average of C$263.92. The company has a debt-to-equity ratio of 102.69, a quick ratio of 0.74 and a current ratio of 0.77.

Insiders Place Their Bets

In related news, Senior Officer James M. Little sold 4,200 shares of Waste Connections stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of C$274.59, for a total value of C$1,153,266.71. Also, Senior Officer Darrell W. Chambliss sold 13,566 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$271.15, for a total transaction of C$3,678,448.03. Insiders have sold 22,766 shares of company stock worth $6,185,495 in the last quarter. 0.21% of the stock is owned by corporate insiders.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.