Jewett-Cameron Trading (NASDAQ:JCTC) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Jewett-Cameron Trading Company (NASDAQ:JCTC) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.89 and traded as high as $2.89. Jewett-Cameron Trading shares last traded at $2.90, with a volume of 4,598 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Jewett-Cameron Trading Stock Performance

The firm has a market capitalization of $10.21 million, a PE ratio of -1.23 and a beta of 0.46. The business’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $2.35.

Insider Buying and Selling at Jewett-Cameron Trading

In related news, major shareholder Community Foundation Oregon sold 176,006 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $1.85, for a total transaction of $325,611.10. Following the completion of the transaction, the insider directly owned 562,528 shares of the company’s stock, valued at approximately $1,040,676.80. This trade represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ajb Investment Fund Ii, Lp purchased 10,776 shares of Jewett-Cameron Trading stock in a transaction on Monday, October 12th. The stock was bought at an average price of $2.90 per share, for a total transaction of $31,250.40. Following the completion of the acquisition, the insider owned 531,856 shares in the company, valued at $1,542,382.40. The trade was a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 104,512 shares of company stock valued at $302,088 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company, Ltd. (NASDAQ: JCTC) develops, manufactures and distributes specialty products for agricultural, industrial, pet and outdoor applications. The company sells products through retail, wholesale and e-commerce channels, serving customers primarily in the United States and Canada. Its product portfolio includes fencing and containment systems, kennel and pet products, garden and landscaping supplies, tree supports, stakes, industrial wood products and related outdoor products.