Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $56.23 and traded as low as $52.47. Alimentation Couche-Tard shares last traded at $52.79, with a volume of 218,923 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ANCTF shares. Scotiabank raised Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 20th. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 13th.

Alimentation Couche-Tard Price Performance

The firm has a fifty day moving average of $55.51 and a 200 day moving average of $56.21.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its quarterly earnings results on Monday, November 25th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01).

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.