Badger Infrastructure Solutions (TSE:BDGI) Shares Break Above 50 Day Moving Average – Time to Sell?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$88.21 and traded as high as C$90.63. Badger Infrastructure Solutions shares last traded at C$90.12, with a volume of 213,921 shares.

Analyst Upgrades and Downgrades

BDGI has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on Badger Infrastructure Solutions from C$98.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. National Bank Financial lifted their price target on shares of Badger Infrastructure Solutions from C$74.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Canadian Imperial Bank of Commerce increased their target price on Badger Infrastructure Solutions from C$85.00 to C$104.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$94.75.

Badger Infrastructure Solutions Stock Up 6.8%

The company has a debt-to-equity ratio of 105.14, a current ratio of 1.34 and a quick ratio of 1.49. The stock has a market cap of C$3.03 billion, a price-to-earnings ratio of 50.07 and a beta of 0.64. The firm’s 50-day moving average is C$88.21 and its 200 day moving average is C$81.17.

Badger Infrastructure Solutions (TSE:BDGI) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.98 earnings per share for the quarter. Badger Infrastructure Solutions had a net margin of 7.16% and a return on equity of 24.14%. The company had revenue of C$365.33 million for the quarter. Sell-side analysts anticipate that Badger Infrastructure Solutions Ltd. will post 3.30 earnings per share for the current fiscal year.

Insider Activity at Badger Infrastructure Solutions

In other news, Director Stephen James Jones bought 600 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of C$89.99 per share, with a total value of C$53,994.00. Following the transaction, the director owned 6,300 shares of the company’s stock, valued at C$566,937. This represents a 10.53% increase in their position. 0.33% of the stock is currently owned by insiders.

Badger Infrastructure Solutions Company Profile

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. The company manufactures and designs its truck-mounted hydrovac units, giving an opportunity to incorporate feedback from its hydrovac operators into its existing and future design and manufacturing processes.