Boyd Group Services (OTCMKTS:BYDGF) Trading 5.7% Higher – Here’s Why

Boyd Group Services Inc. (OTCMKTS:BYDGF) traded up 5.7% during mid-day trading on Tuesday . The company traded as high as $161.1325 and last traded at $158.22. 63,558 shares changed hands during trading, an increase of 3,101% from the average session volume of 1,986 shares. The stock had previously closed at $149.7255.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Boyd Group Services in a report on Wednesday, November 5th. CIBC reissued an “outperform” rating on shares of Boyd Group Services in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Boyd Group Services Stock Up 5.7%

The stock has a fifty day moving average of $157.59 and a 200-day moving average of $157.44. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 427.62 and a beta of 0.73. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.61.

Boyd Group Services Company Profile

Boyd Group Services is a North American operator of collision repair centres and glass repair and replacement outlets. The company provides services to insurance companies, fleet operators and retail customers, offering vehicle damage estimation, structural repair, paint refinishing and windshield and glass replacement. Through its integrated approach, Boyd Group aims to deliver expedited cycle times and consistent quality assurance across its network.

Operating under the Boyd Autobody & Glass banner in Canada and Gerber Collision & Glass in the United States, the company has grown through both organic expansion and strategic acquisitions.