Waste Connections (TSE:WCN) Stock Crosses Below Fifty Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemWaste Connections, Inc. (TSE:WCN – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$233.07 and traded as low as C$221.76. Waste Connections shares last traded at C$222.02, with a volume of 181,934 shares trading hands.
Waste Connections Stock Down 0.9%
The company has a debt-to-equity ratio of 121.68, a quick ratio of 0.74 and a current ratio of 0.66. The stock has a fifty day moving average price of C$232.59 and a two-hundred day moving average price of C$226.03. The firm has a market capitalization of C$54.61 billion, a P/E ratio of 52.43, a P/E/G ratio of 2.22 and a beta of 0.42.
Insider Buying and Selling at Waste Connections
In other news, insider Robert Andres Nielsen sold 300 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of C$242.93, for a total transaction of C$72,879.00. Following the sale, the insider directly owned 3,950 shares in the company, valued at approximately C$959,573.50. This represents a 7.06% decrease in their position. Insiders own 0.21% of the company’s stock.
Waste Connections Company Profile
Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.