Is Selling Bird Construction Inc Here a Winning Strategy?

 Is Selling Bird Construction Inc Here a Winning Strategy?

The stock of Bird Construction Inc (TSE:BDT) hit a new 52-week low and has $9.09 target or 12.00% below today’s $10.33 share price. The 8 months bearish chart indicates high risk for the $430.81M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $9.09 price target is reached, the company will be worth $51.70 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 116,129 shares traded hands or 3.27% up from the average. Bird Construction Inc (TSE:BDT) has declined 4.68% since March 29, 2016 and is downtrending. It has underperformed by 7.21% the S&P500.

Bird Construction Inc (TSE:BDT) Ratings Coverage

Out of 4 analysts covering Bird Construction (TSE:BDT), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. $15 is the highest target while $10 is the lowest. The $12.90 average target is 24.88% above today’s ($10.33) stock price. Bird Construction has been the topic of 8 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, May 30 by National Bank Canada.

Another recent and important Bird Construction Inc (TSE:BDT) news was published by Midasletter.com which published an article titled: “TSX 52 Wk Highs: Cascades Inc., Northland Power, Bird Construction Inc …” on November 17, 2015.

Bird Construction Inc. operates as a general contractor in the Canadian construction market. The company has a market cap of $430.81 million. The Firm focuses on projects in the industrial, commercial and institutional sectors of the general contracting industry. It has a 22.91 P/E ratio. It operates through the general contracting sector of the construction industry segment.

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