Aecon Group (OTCMKTS:AEGXF) Shares Up 7% – Here’s What Happened

Shares of Aecon Group Inc. (OTCMKTS:AEGXFGet Free Report) shot up 7% on Tuesday . The company traded as high as $38.81 and last traded at $38.81. 88,151 shares traded hands during trading, an increase of 169% from the average session volume of 32,757 shares. The stock had previously closed at $36.28.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded Aecon Group from an “outperform” rating to an “outperform” rating in a research report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

View Our Latest Stock Report on Aecon Group

Aecon Group Trading Up 7.0%

The stock’s fifty day simple moving average is $33.62 and its two-hundred day simple moving average is $33.21.

About Aecon Group

(Get Free Report)

Aecon Group Inc, trading on the OTC market under the symbol AEGXF, is one of Canada’s leading publicly listed infrastructure development and construction companies. Headquartered in Toronto, Ontario, Aecon delivers services across a broad spectrum of sectors, including transportation, energy, mining, and urban development. Since its origins in the late 19th century, Aecon has grown through a series of mergers and strategic acquisitions into a full-service contractor capable of executing projects of varying complexity and scale.

The company’s core business is organized into three main segments: Infrastructure, Urban Development and Concessions, and Industrial.

Further Reading

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