Badger Infrastructure Solutions (TSE:BDGI) Shares Down 2.4% - Time to Sell?

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) shares were down 2.4% during mid-day trading on Monday . The stock traded as low as C$39.50 and last traded at C$40.24. Approximately 131,348 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 80,004 shares. The stock had previously closed at C$41.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BDGI shares. CIBC raised their price objective on shares of Badger Infrastructure Solutions from C$49.00 to C$52.00 in a report on Friday, December 13th. Stifel Nicolaus lowered their price objective on 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. Finally, Raymond James cut 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 research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$49.64.

Badger Infrastructure Solutions Stock Down 0.9 %

The firm's 50-day simple moving average is C$37.48 and its two-hundred day simple moving average is C$37.72. The company has a debt-to-equity ratio of 97.25, a current ratio of 1.65 and a quick ratio of 1.49. The company has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 24.32 and a beta of 1.14.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Badger Infrastructure Solutions's dividend payout ratio (DPR) is presently 43.90%.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephanie Cuskley purchased 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of C$38.97 per share, for a total transaction of C$38,971.20. 0.33% of the stock is owned by corporate insiders.

About Badger Infrastructure Solutions

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.