GDI Integrated Facility Services (TSE:GDI) Shares Cross Below Fifty 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 Monday . The stock has a 50-day moving average of C$33.37 and traded as low as C$32.37. GDI Integrated Facility Services shares last traded at C$32.47, with a volume of 5,625 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on GDI shares. TD Securities raised shares of GDI Integrated Facility Services from a "hold" rating to a "strong-buy" rating and increased their target price for the stock from C$40.00 to C$50.00 in a research report on Tuesday, January 28th. Desjardins dropped their price objective on shares of GDI Integrated Facility Services from C$50.00 to C$48.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, GDI Integrated Facility Services has a consensus rating of "Moderate Buy" and a consensus target price of C$43.42.

GDI Integrated Facility Services Price Performance

The business's 50 day moving average price is C$33.37 and its 200-day moving average price is C$35.32. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 93.19. The company has a market cap of C$773.90 million, a PE ratio of 51.46 and a beta of 1.03.

Insider Buying and Selling

In other news, Senior Officer Ahmed S. Boomrod sold 5,000 shares of GDI Integrated Facility Services stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$31.07, for a total transaction of C$155,350.00. 12.62% of the stock is currently owned by insiders.

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.

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