Badger Infrastructure Solutions (TSE:BDGI) Reaches New 52-Week High - Time to Buy?

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$49.88 and last traded at C$48.86, with a volume of 30709 shares trading hands. The stock had previously closed at C$49.59.

Analyst Ratings Changes

Several research analysts have recently issued reports on BDGI shares. CIBC raised their target price on shares of Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price objective on shares of Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating on the stock in a research note on Thursday, April 17th.

Badger Infrastructure Solutions Stock Up 0.3%

The firm has a market capitalization of C$1.21 billion, a P/E ratio of 29.25 and a beta of 1.14. The firm's 50-day moving average is C$45.81 and its 200 day moving average is C$40.92. The company has a debt-to-equity ratio of 92.49, a quick ratio of 1.49 and a current ratio of 1.73.

Badger Infrastructure Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.1875 per share. This is a boost from Badger Infrastructure Solutions's previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, June 30th. Badger Infrastructure Solutions's dividend payout ratio is currently 41.68%.

About Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd is North America's provider of non-destructive excavating services. Its key technology is the Badger Hydrovac, which is used primarily for safe excavation around critical infrastructure and in congested underground conditions. The Badger Hydrovac uses a pressurized water stream to liquefy the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank.