North West (OTCMKTS:NNWWF) Stock Falls 8.1% – Here’s Why

The North West Company Inc. (OTCMKTS:NNWWF – Get Free Report) dropped 8.1% on Wednesday. The company traded as low as $35.98 and last traded at $36.98. Approximately 9,815 shares were traded during trading, a decline of 16% from the average daily volume of 11,727 shares. The stock had previously closed at $40.22.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of North West in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $56.00.

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North West Stock Performance

The firm has a 50-day moving average price of $37.76 and a 200 day moving average price of $37.51.

North West Company Profile

(Get Free Report)

North West Company Inc is a Canadian retailer serving communities across Northern Canada, rural Alaska and the South Pacific. The company operates stores in regions where access to essential goods and services can be limited, focusing on food, general merchandise and everyday household needs.

Its retail operations include the Northern and NorthMart banners in Canada, as well as related store formats in Alaska and other markets. Product offerings generally include fresh and packaged groceries, apparel, home and general merchandise, health and beauty products, and pharmacy services.

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