AutoCanada (TSE:ACQ) Hits New 1-Year High at $13.76

Shares of AutoCanada Inc. (TSE:ACQ) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$13.76 and last traded at C$13.69, with a volume of 60377 shares changing hands. The stock had previously closed at C$13.38.

ACQ has been the subject of several recent research reports. CIBC boosted their price target on shares of AutoCanada from C$11.00 to C$12.00 in a research note on Monday, November 11th. AltaCorp Capital raised AutoCanada from a “sector perform” rating to an “outperform” rating in a research report on Sunday, August 11th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. AutoCanada has an average rating of “Hold” and a consensus price target of C$12.00.

The business has a 50-day simple moving average of C$10.64 and a 200-day simple moving average of C$9.92. The company has a debt-to-equity ratio of 347.02, a quick ratio of 0.21 and a current ratio of 1.07. The company has a market cap of $371.78 million and a price-to-earnings ratio of -9.62.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.94%. AutoCanada’s payout ratio is -28.33%.

About AutoCanada (TSE:ACQ)

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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