GFL Environmental (TSE:GFL) Hits New 52-Week High – Here’s What Happened

GFL Environmental Inc. (TSE:GFL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$70.03 and last traded at C$69.35, with a volume of 101420 shares. The stock had previously closed at C$68.87.

Wall Street Analyst Weigh In

Separately, Citigroup raised GFL Environmental to a “strong-buy” rating in a research note on Monday, January 27th.

GFL Environmental Stock Up 0.8 %

The business’s 50-day moving average is C$64.75 and its two-hundred day moving average is C$61.67. The firm has a market capitalization of C$26.78 billion, a price-to-earnings ratio of -45.55, a P/E/G ratio of -0.76 and a beta of 1.03. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58.

GFL Environmental Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a dividend of $0.014 per share. The ex-dividend date was Monday, January 13th. This represents a $0.06 annualized dividend and a yield of 0.08%. GFL Environmental’s dividend payout ratio is presently -5.25%.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.