Waste Connections (TSE:WCN) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Waste Connections, Inc. (TSE:WCN)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$231.25 and traded as low as C$230.65. Waste Connections shares last traded at C$231.82, with a volume of 229,400 shares changing hands.

Waste Connections Price Performance

The company has a debt-to-equity ratio of 121.68, a quick ratio of 0.74 and a current ratio of 0.66. The stock has a market capitalization of C$57.99 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.43. The business’s 50 day simple moving average is C$232.20 and its 200-day simple moving average is C$225.91.

Insider Activity

In other news, insider Robert Andres Nielsen sold 500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$213.96, for a total transaction of C$106,980.00. Following the completion of the transaction, the insider directly owned 4,250 shares in the company, valued at approximately C$909,330. The trade was a 10.53% decrease in their ownership of the stock. Corporate insiders own 0.21% of the company’s stock.

About Waste Connections

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. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.