GDI Integrated Facility Services (TSE:GDI) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• GDI Integrated Facility Services' stock price recently surpassed its 50-day moving average, trading at C$32.30, above the average of C$32.16.
• Analyst ratings for GDI show a downgrade by TD Securities from C$50.00 to C$47.00, while Scotiabank raised their price objective from C$41.00 to C$42.00.
• The company has a market capitalization of C$769.85 million, a quick ratio of 1.44, and a debt-to-equity ratio of 93.19, indicating a solid financial standing despite high leverage.

GDI Integrated Facility Services Inc. (TSE:GDI - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$32.16 and traded as high as C$32.76. GDI Integrated Facility Services shares last traded at C$32.30, with a volume of 3,730 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on GDI shares. TD Securities dropped their price objective on shares of GDI Integrated Facility Services from C$50.00 to C$47.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Scotiabank raised their price objective on shares of GDI Integrated Facility Services from C$41.00 to C$42.00 in a research note on Monday, May 12th.

GDI Integrated Facility Services Stock Performance

The firm has a market capitalization of C$790.11 million, a P/E ratio of 52.54 and a beta of 1.03. The company has a 50-day simple moving average of C$32.20 and a two-hundred day simple moving average of C$32.59. The company has a debt-to-equity ratio of 93.19, a quick ratio of 1.44 and a current ratio of 1.70.

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.