Jewett-Cameron Trading (NASDAQ:JCTC) Shares Cross Above Fifty Day Moving Average – What’s Next?

Jewett-Cameron Trading Company (NASDAQ:JCTC)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.89 and traded as high as $2.89. Jewett-Cameron Trading shares last traded at $2.90, with a volume of 4,598 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Jewett-Cameron Trading in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Jewett-Cameron Trading Price Performance

The firm has a market cap of $10.21 million, a P/E ratio of -1.23 and a beta of 0.46. The company’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.35.

Insider Transactions at Jewett-Cameron Trading

In related news, major shareholder Ajb Investment Fund Ii, Lp purchased 10,776 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was bought at an average price of $2.90 per share, for a total transaction of $31,250.40. Following the completion of the transaction, the insider owned 531,856 shares in the company, valued at approximately $1,542,382.40. The trade was a 2.07% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Community Foundation Oregon sold 176,006 shares of Jewett-Cameron Trading stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the transaction, the insider owned 562,528 shares of the company’s stock, valued at approximately $1,040,676.80. This represents a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 104,512 shares of company stock valued at $302,088. 1.33% of the stock is owned by insiders.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company, Ltd. (NASDAQ: JCTC) develops, manufactures and distributes specialty products for agricultural, industrial, pet and outdoor applications. The company sells products through retail, wholesale and e-commerce channels, serving customers primarily in the United States and Canada. Its product portfolio includes fencing and containment systems, kennel and pet products, garden and landscaping supplies, tree supports, stakes, industrial wood products and related outdoor products.