AutoCanada Inc. (TSE:ACQ) Director Dennis Stephan Desrosiers purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of C$9.72 per share, for a total transaction of C$97,239.00. Following the acquisition, the director now directly owns 24,500 shares of the company’s stock, valued at C$238,235.55.

Shares of ACQ stock traded down C$0.22 during mid-day trading on Friday, hitting C$9.16. The company had a trading volume of 190,800 shares, compared to its average volume of 113,009. AutoCanada Inc. has a 52-week low of C$8.36 and a 52-week high of C$13.92. The stock’s 50 day moving average price is C$9.96 and its 200-day moving average price is C$11.10. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19. The company has a market capitalization of $251.14 million and a P/E ratio of -4.93.

Several equities analysts have weighed in on ACQ shares. Canaccord Genuity downgraded shares of AutoCanada from a “buy” rating to a “hold” rating and lowered their price target for the company from C$14.00 to C$10.00 in a report on Monday, May 6th. AltaCorp Capital raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating in a report on Sunday, August 11th. Clarus Securities reissued a “buy” rating on shares of AutoCanada in a report on Friday, August 9th. GMP Securities reissued an “average” rating and issued a C$16.00 target price on shares of AutoCanada in a report on Wednesday, May 8th. Finally, CIBC lowered their target price on shares of AutoCanada from C$12.50 to C$11.00 in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$12.46.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, and other after-market products.

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