Bird Construction (TSE:BDT) Stock Crosses Above 200 Day Moving Average of $6.14

Bird Construction Inc (TSE:BDT)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.14 and traded as high as $5.85. Bird Construction shares last traded at $5.76, with a volume of 75,807 shares changing hands.

Several equities analysts have commented on the company. Raymond James set a C$9.00 price objective on Bird Construction and gave the company an “outperform” rating in a research report on Thursday, August 15th. TD Securities cut their price objective on Bird Construction from C$8.50 to C$7.50 and set a “buy” rating on the stock in a research report on Thursday, August 15th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Bird Construction in a research report on Wednesday, August 14th. Finally, Canaccord Genuity cut their price objective on Bird Construction from C$7.50 to C$5.00 in a research report on Thursday, August 15th.

The company has a 50-day simple moving average of C$5.56 and a 200 day simple moving average of C$6.14. The company has a market cap of $242.77 million and a P/E ratio of 46.85. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 73.80.

Bird Construction (TSE:BDT) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.02). The business had revenue of C$315.43 million during the quarter, compared to the consensus estimate of C$366.60 million. On average, equities analysts forecast that Bird Construction Inc will post 0.5899999 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 18th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Friday, September 27th. Bird Construction’s payout ratio is 314.52%.

About Bird Construction (TSE:BDT)

Bird Construction Inc operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings; and performs civil construction operations, including site preparation, concrete foundations, metal and modular fabrication, mechanical process work, underground piping, and earthwork for clients primarily operating in the oil and gas, liquefied natural gas, mining, and nuclear sectors.

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