North West (OTCMKTS:NNWWF) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

The North West Company Inc. (OTCMKTS:NNWWF)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $36.28 and traded as low as $36.24. North West shares last traded at $36.24, with a volume of 106 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank Of Canada started coverage on shares of North West in a research report on Monday, July 28th. They issued an “outperform” rating on the stock. CIBC restated an “outperform” rating on shares of North West in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

North West Stock Performance

The company’s 50-day simple moving average is $35.51 and its 200-day simple moving average is $36.28.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.