Gildan Activewear (GIL) Hits New 52-Week High at $42.13
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$42.13 and last traded at C$42.10, with a volume of 193234 shares trading hands. The stock had previously closed at C$41.51.
Several equities analysts have recently issued reports on the company. National Bank Financial boosted their target price on Gildan Activewear from C$43.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday, August 3rd. Desjardins raised Gildan Activewear from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd.
The company has a quick ratio of 1.59, a current ratio of 5.06 and a debt-to-equity ratio of 47.28.
In related news, insider Peter Iliopoulos sold 11,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of C$41.41, for a total value of C$455,510.00. Also, insider Benito Masi sold 31,604 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of C$40.57, for a total value of C$1,282,174.28. Insiders have sold 74,482 shares of company stock worth $3,044,682 over the last three months.
TRADEMARK VIOLATION NOTICE: “Gildan Activewear (GIL) Hits New 52-Week High at $42.13” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://theolympiareport.com/2018/11/10/gildan-activewear-gil-hits-new-52-week-high-at-42-13.html.
About Gildan Activewear (TSE:GIL)
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. 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, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
Recommended Story: Calculate Your Return on Investment (ROI)
Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.