Waste Connections (TSE:WCN) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Waste Connections, Inc. (TSE:WCN)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$270.65 and traded as low as C$270.58. Waste Connections shares last traded at C$273.66, with a volume of 196,052 shares trading hands.

Analyst Ratings Changes

Separately, William Blair upgraded shares of Waste Connections to a “strong-buy” rating in a report on Thursday, April 3rd.

Waste Connections Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The company has a market cap of C$49.74 billion, a P/E ratio of 52.89, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. The company has a 50 day moving average price of C$270.65 and a 200-day moving average price of C$259.94.

Insider Buying and Selling at Waste Connections

In other news, Senior Officer Philip Rivard sold 5,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of C$270.76, for a total value of C$1,353,780.29. Following the transaction, the insider now directly owns 62 shares of the company’s stock, valued at C$16,786.88. The trade was a 98.78 % decrease in their position. Also, Senior Officer James M. Little sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of C$274.59, for a total value of C$1,153,266.71. In the last ninety days, insiders sold 22,766 shares of company stock worth $6,185,495. 0.21% of the stock is currently owned by company insiders.

Waste Connections Company Profile

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.