Superior Plus (TSE:SPB) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Superior Plus Corp. (TSE:SPB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.43 and traded as high as C$7.43. Superior Plus shares last traded at C$7.30, with a volume of 664,205 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPB. TD Securities upgraded Superior Plus from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Scotiabank lowered their price objective on shares of Superior Plus from C$10.00 to C$8.50 in a research report on Monday, November 17th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$8.50 to C$9.00 in a research report on Wednesday, December 17th. BMO Capital Markets raised their price target on shares of Superior Plus from C$8.00 to C$10.00 in a research note on Friday, October 10th. Finally, National Bankshares upped their price objective on Superior Plus from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$9.28.

Superior Plus Trading Down 1.9%

The company has a market cap of C$1.63 billion, a P/E ratio of 104.29 and a beta of 0.37. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35. The firm’s 50-day moving average price is C$7.16 and its 200-day moving average price is C$7.43.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.41) earnings per share for the quarter. Superior Plus had a net margin of 1.80% and a return on equity of 4.21%. The business had revenue of C$470.64 million during the quarter.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.