Bird Construction (OTCMKTS:BIRDF) Shares Break Above Fifty Day Moving Average – What’s Next?

Bird Construction Inc. (OTCMKTS:BIRDF) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $54.13 and traded as high as $56.47. Bird Construction shares last traded at $54.60, with a volume of 7,026 shares traded.

Analyst Upgrades and Downgrades

BIRDF has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Bird Construction in a research report on Friday, August 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Bird Construction in a research report on Thursday, August 13th. Finally, TD Securities reissued a “buy” rating on shares of Bird Construction in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, Bird Construction presently has a consensus rating of “Buy”.

Bird Construction Price Performance

The firm has a 50 day moving average of $54.13 and a 200-day moving average of $41.74.

Bird Construction Company Profile

Bird Construction Inc. is a Canadian construction and maintenance services company that delivers projects for public- and private-sector customers. Its activities include construction management, design-build, general contracting and public-private partnership services. The company works across a range of markets, including industrial, commercial, institutional, infrastructure and civil construction. Its projects may include facilities and structures for government, healthcare, education, transportation, energy, mining and other industrial clients, as well as ongoing maintenance and special-project services.