Badger Infrastructure Solutions (TSE:BDGI) Hits New 1-Year Low – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$33.62 and last traded at C$34.19, with a volume of 11275 shares traded. The stock had previously closed at C$35.59.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Badger Infrastructure Solutions from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. CIBC lifted their target price on Badger Infrastructure Solutions from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James increased their price target on shares of Badger Infrastructure Solutions from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$51.25.

Badger Infrastructure Solutions Trading Down 0.4 %

The company has a current ratio of 1.73, a quick ratio of 1.49 and a debt-to-equity ratio of 92.49. The company has a market cap of C$847.05 million, a PE ratio of 20.52 and a beta of 1.14. The company has a fifty day simple moving average of C$39.51 and a two-hundred day simple moving average of C$38.57.

Insider Buying and Selling

In other Badger Infrastructure Solutions news, Director Mary Jordan acquired 800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of C$39.32 per share, with a total value of C$31,456.00. Insiders own 0.33% of the company’s stock.

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.