Badger Infrastructure Solutions (TSE:BDGI) Trading 0% Higher - Here's Why

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) rose 0% on Friday . The company traded as high as C$39.58 and last traded at C$39.01. Approximately 45,616 shares traded hands during trading, a decline of 38% from the average daily volume of 73,004 shares. The stock had previously closed at C$39.00.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BDGI. Stifel Nicolaus decreased their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a "buy" rating for the company in a research report on Friday, November 1st. CIBC decreased their price objective on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Raymond James dropped their target price on Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Badger Infrastructure Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of C$49.21.

Badger Infrastructure Solutions Stock Performance

The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 23.79 and a beta of 1.14. The company's 50-day simple moving average is C$38.87 and its 200-day simple moving average is C$38.76. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 97.25.

Badger Infrastructure Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, September 27th. Badger Infrastructure Solutions's payout ratio is 43.90%.

Insider Transactions at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee acquired 751 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Director Stephanie Cuskley bought 1,000 shares of Badger Infrastructure Solutions stock in a transaction dated Thursday, November 7th. The stock was acquired at an average price of C$38.97 per share, with a total value of C$38,971.20. Insiders have purchased 2,751 shares of company stock valued at $101,723 over the last three months. Company insiders own 0.33% of the company's stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.