Gildan Activewear (TSE:GIL) Share Price Passes Above Fifty Day Moving Average of $49.44

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $49.44 and traded as high as $49.40. Gildan Activewear shares last traded at $49.24, with a volume of 179,294 shares.

Separately, Desjardins raised shares of Gildan Activewear from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$48.00 to C$57.00 in a report on Friday, August 2nd.

The company has a quick ratio of 1.59, a current ratio of 4.33 and a debt-to-equity ratio of 58.07. The firm has a market cap of $10.04 billion and a PE ratio of 34.49. The firm’s fifty day simple moving average is C$49.44 and its two-hundred day simple moving average is C$49.62.

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, September 9th were issued a dividend of $0.134 per share. This represents a $0.54 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, August 14th. Gildan Activewear’s dividend payout ratio is currently 34.38%.

About Gildan Activewear (TSE:GIL)

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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