GDI Integrated Facility Services (TSE:GDI) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• GDI Integrated Facility Services' stock price has fallen below its fifty day moving average of C$28.21, closing at C$28.01 with a trading volume of 105,705 shares.
• Recent analyst reports reflect a downward trend, with National Bankshares and TD Securities reducing their target prices significantly, now averaging C$37.60 among ratings of Moderate Buy.
• The company has a market capitalization of C$659.97 million and reported a P/E ratio of 18.80, indicating ongoing interest in its janitorial services sector.

GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$28.21 and traded as low as C$27.76. GDI Integrated Facility Services shares last traded at C$28.01, with a volume of 105,705 shares changing hands.

Wall Street Analysts Forecast Growth

GDI has been the subject of a number of recent analyst reports. National Bankshares lowered their target price on shares of GDI Integrated Facility Services from C$41.50 to C$33.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. TD Securities cut shares of GDI Integrated Facility Services from a "buy" rating to a "hold" rating and cut their price target for the company from C$47.00 to C$30.00 in a report on Monday, August 11th. Finally, Raymond James Financial set a C$35.00 target price on shares of GDI Integrated Facility Services and gave the stock an "outperform" rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, GDI Integrated Facility Services has an average rating of "Moderate Buy" and a consensus target price of C$37.60.

GDI Integrated Facility Services Trading Up 1.4%

The business's fifty day simple moving average is C$28.21 and its 200 day simple moving average is C$30.71. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 93.19. The stock has a market cap of C$659.97 million, a P/E ratio of 18.80 and a beta of 0.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.