GDI Integrated Facility Services (TSE:GDI) Share Price Crosses Below 50-Day Moving Average - Here's Why

GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$31.97 and traded as low as C$31.00. GDI Integrated Facility Services shares last traded at C$31.00, with a volume of 4,990 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on GDI. Desjardins lowered their target price on shares of GDI Integrated Facility Services from C$50.00 to C$48.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. TD Securities raised GDI Integrated Facility Services from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from C$40.00 to C$50.00 in a report on Tuesday, January 28th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, GDI Integrated Facility Services currently has a consensus rating of "Moderate Buy" and an average target price of C$43.42.

GDI Integrated Facility Services Stock Performance

The company has a market capitalization of C$738.87 million, a P/E ratio of 49.13 and a beta of 1.03. The company's 50 day moving average is C$31.85 and its 200-day moving average is C$34.60. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 93.19.

Insider Buying and Selling at GDI Integrated Facility Services

In other news, Senior Officer Ahmed S. Boomrod sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of C$31.07, for a total value of C$155,350.00. Insiders own 12.62% of the company's stock.

GDI Integrated Facility Services Company Profile

GDI Integrated Facility Services Inc is engaged in the facility services sector. The company's operating segment includes Janitorial Canada, Janitorial USA, Technical services and Complementary Services. It generates maximum revenue from the Janitorial Canada segment. The Janitorial Canada and Janitorial USA segments provide a wide range of basic janitorial services, such as floor cleaning and finishing, window washing, furniture polishing, carpet cleaning, and dusting, as well as other building services including lawn maintenance, snow removal and other.