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

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.79 and traded as low as $52.01. Alimentation Couche-Tard shares last traded at $52.04, with a volume of 103,282 shares.

Wall Street Analysts Forecast Growth

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

Alimentation Couche-Tard Price Performance

The stock’s 50 day simple moving average is $54.80 and its 200 day simple moving average is $55.79.

Alimentation Couche-Tard (OTCMKTS:ANCTF) last released its quarterly earnings data on Monday, November 25th. The company reported $0.74 EPS for the quarter, missing the consensus estimate 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.