GDI Integrated Facility Services (TSE:GDI) Share Price Passes Above Fifty Day Moving Average – Here’s Why

GDI Integrated Facility Services Inc. (TSE:GDI)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$35.76 and traded as high as C$35.94. GDI Integrated Facility Services shares last traded at C$35.64, with a volume of 5,992 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GDI. Cormark cut their price objective on GDI Integrated Facility Services from C$40.00 to C$39.00 in a report on Friday, August 9th. National Bankshares reduced their price target on GDI Integrated Facility Services from C$41.50 to C$38.50 in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$42.25.

GDI Integrated Facility Services Price Performance

The company has a debt-to-equity ratio of 104.15, a current ratio of 1.75 and a quick ratio of 1.44. The stock has a market capitalization of C$505.88 million, a P/E ratio of 50.83 and a beta of 1.03. The stock’s fifty day moving average is C$35.81 and its 200-day moving average is C$35.03.

GDI Integrated Facility Services (TSE:GDI) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.18 by C($0.11). GDI Integrated Facility Services had a return on equity of 3.56% and a net margin of 0.63%. The company had revenue of C$639.00 million for the quarter, compared to the consensus estimate of C$648.70 million. On average, equities analysts anticipate that GDI Integrated Facility Services Inc. will post 1.2993948 earnings per share for the current year.

About GDI Integrated Facility Services

GDI Integrated Facility Services Inc, together with its subsidiaries, operates in the outsourced facility services industry in Canada and the United States. The company operates through Business Services Canada, Business Services USA, Technical Services, and Corporate and Other segments. It offers cleaning services, such as floor cleaning and finishing, window washing, furniture polishing, vacuuming, carpet cleaning, washing walls and glass, shampooing rugs, removing trash and debris, and dusting, as well as other building services, including lawn maintenance, snow removal, and others.