AutoCanada (OTCMKTS:AOCIF) Stock Price Down 1.3% – Should You Sell?

AutoCanada Inc. (OTCMKTS:AOCIF) traded down 1.3% during mid-day trading on Thursday. The company traded as low as $15.84 and last traded at $15.84. 7,315 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 10,800 shares. The stock had previously closed at $16.0450.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AOCIF. BMO Capital Markets reissued a “market perform” rating on shares of AutoCanada in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of AutoCanada in a report on Friday, August 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of AutoCanada in a report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

AutoCanada Price Performance

The stock’s 50 day moving average price is $15.88 and its 200 day moving average price is $15.56.

AutoCanada Company Profile

AutoCanada Inc is an automotive dealership group headquartered in Edmonton, Alberta. The company operates franchised dealerships in Canada and selected markets in the United States, representing a range of vehicle manufacturers and serving consumers and commercial customers.

Its dealerships sell new and used automobiles, trucks and other vehicles, while also providing parts, maintenance and repair services. AutoCanada also offers financing and insurance products, vehicle protection plans, collision repair and other related automotive services through its dealership and ancillary operations.

Established in 2006, AutoCanada has grown through acquisitions and the development of a multi-brand dealership network.