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 passed 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 trading hands.

Analyst Upgrades and Downgrades

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

GDI Integrated Facility Services Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.44 and a debt-to-equity ratio of 104.15. The stock has a market cap of C$505.88 million, a PE ratio of 50.83 and a beta of 1.03. The company’s 50 day moving average is C$35.81 and its 200-day moving average is C$35.03.

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

GDI Integrated Facility Services Company Profile

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.