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 trading hands.

Analyst Ratings Changes

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

Badger Infrastructure Solutions Price Performance

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

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

Insider Activity at Badger Infrastructure Solutions

In related news, Director Stephen James Jones bought 600 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was bought at an average price of C$89.99 per share, with a total value of C$53,994.00. Following the completion of the transaction, the director directly owned 6,300 shares of the company’s stock, valued at approximately C$566,937. This represents a 10.53% increase in their ownership of the stock. 0.33% of the stock is currently owned by corporate insiders.

About Badger Infrastructure Solutions

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.