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) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$36.24 and traded as low as C$32.93. GDI Integrated Facility Services shares last traded at C$34.18, with a volume of 9,466 shares traded.

Wall Street Analysts Forecast Growth

GDI has been the topic of several analyst reports. TD Securities raised shares of GDI Integrated Facility Services from a "hold" rating to a "strong-buy" rating and raised their target price for the company from C$40.00 to C$50.00 in a report on Tuesday, January 28th. National Bankshares increased their price target on shares of GDI Integrated Facility Services from C$38.50 to C$41.50 in a research note on Thursday, November 14th. Three 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$44.25.

GDI Integrated Facility Services Trading Up 0.3 %

The company has a debt-to-equity ratio of 93.19, a current ratio of 1.70 and a quick ratio of 1.44. The firm has a market capitalization of C$817.04 million, a PE ratio of 54.33 and a beta of 1.03. The business's 50-day moving average price is C$36.17 and its 200-day moving average price is C$35.92.

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.