Badger Infrastructure Solutions (TSE:BDGI) Trading Up 3.1% - Here's What Happened

Badger Infrastructure Solutions Ltd. (TSE:BDGI - Get Free Report)'s stock price shot up 3.1% during trading on Thursday . The stock traded as high as C$42.74 and last traded at C$42.57. 85,415 shares changed hands during trading, a decline of 12% from the average session volume of 97,305 shares. The stock had previously closed at C$41.30.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus cut their target price on Badger Infrastructure Solutions from C$53.00 to C$46.50 and set a "buy" rating for the company in a research report on Thursday, April 17th. CIBC lifted their price target on Badger Infrastructure Solutions from C$52.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Raymond James raised their price objective on Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Badger Infrastructure Solutions has an average rating of "Moderate Buy" and an average price target of C$49.30.

Badger Infrastructure Solutions Trading Up 2.7%

The company has a debt-to-equity ratio of 92.49, a current ratio of 1.73 and a quick ratio of 1.49. The company has a market cap of C$1.09 billion, a price-to-earnings ratio of 26.43 and a beta of 1.14. The business has a 50 day simple moving average of C$38.72 and a 200 day simple moving average of C$38.40.

Insider Buying and Selling at Badger Infrastructure Solutions

In other news, Director Mary Jordan purchased 800 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of C$39.32 per share, with a total value of C$31,456.00. Insiders own 0.33% of the company's stock.

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.