Boyd Group Services (OTCMKTS:BYDGF) Trading 5.7% Higher – What’s Next?

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

Wall Street Analyst Weigh In

Several brokerages recently commented on BYDGF. Royal Bank Of Canada restated an “outperform” rating on shares of Boyd Group Services in a research report on Wednesday, November 5th. CIBC restated an “outperform” rating on shares of Boyd Group Services in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Boyd Group Services Stock Up 5.7%

The business’s 50 day simple moving average is $157.59 and its 200-day simple moving average is $157.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.44 and a current ratio of 0.59. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 427.62 and a beta of 0.73.

About Boyd Group Services

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.