AutoCanada (OTCMKTS:AOCIF) Stock Price Up 2.9% – Should You Buy?

AutoCanada Inc. (OTCMKTS:AOCIF)’s share price rose 2.9% on Friday . The company traded as high as $18.34 and last traded at $18.34. Approximately 136 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 2,179 shares. The stock had previously closed at $17.83.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of AutoCanada in a research note on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, AutoCanada currently has an average rating of “Moderate Buy”.

AutoCanada Stock Performance

The stock has a 50-day moving average of $16.16 and a 200 day moving average of $19.48.

AutoCanada Company Profile

AutoCanada Inc is an independent multi-location automotive dealership group headquartered in Edmonton, Alberta. The company operates a network of franchised retail dealerships, pre-owned vehicle outlets and collision repair centers. AutoCanada’s dealerships represent leading national and international original equipment manufacturers (OEMs), offering new vehicles as well as certified pre-owned and used automobiles to retail customers. In addition to vehicle sales, the company provides parts and service operations, delivering maintenance, warranty work and genuine OEM parts for a variety of makes and models.

Founded in 2006 by automotive entrepreneur Paul Antony, AutoCanada has grown through strategic acquisitions and organic expansion.