GDI Integrated Facility Services (TSE:GDI) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• GDI Integrated Facility Services shares fell below their 50-day moving average of C$28.77, trading as low as C$27.88, indicating a potential sell signal for investors.
• Analyst ratings show mixed opinions, with Raymond James rating the stock as "outperform" with a price target of C$35.00, while TD Securities downgraded it from "buy" to "hold" with a reduced target of C$30.00.
• The company has a market cap of C$656.91 million and reports higher revenue from its Janitorial Canada segment, which offers a variety of cleaning and maintenance services.

Shares of GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$28.77 and traded as low as C$27.88. GDI Integrated Facility Services shares last traded at C$27.88, with a volume of 8,493 shares traded.

Analyst Ratings Changes

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

GDI Integrated Facility Services Stock Performance

The firm has a market cap of C$656.91 million, a P/E ratio of 18.71 and a beta of 0.38. 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 company's 50-day moving average is C$28.77 and its two-hundred day moving average is C$30.83.

About GDI Integrated Facility Services

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.

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