Bird Construction (OTCMKTS:BIRDF) Stock Price Down 6.2% – Here’s Why

Bird Construction Inc. (OTCMKTS:BIRDF) was down 6.2% during trading on Wednesday . The company traded as low as $44.7842 and last traded at $45.11. Approximately 4,128 shares changed hands during trading, a decline of 84% from the average session volume of 25,391 shares. The stock had previously closed at $48.08.

Analyst Ratings Changes

A number of brokerages have issued reports on BIRDF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bird Construction in a research note on Wednesday, July 8th. BMO Capital Markets restated an “outperform” rating on shares of Bird Construction in a report on Monday, May 25th. Finally, TD Securities reaffirmed a “buy” rating on shares of Bird Construction in a research report on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Bird Construction Trading Up 1.3%

The stock’s 50-day moving average is $45.82 and its 200-day moving average is $34.34.

About Bird Construction

Bird Construction (OTCMKTS:BIRDF) is one of Canada’s longest?standing general contractors, delivering construction and infrastructure projects across the country. The firm provides comprehensive building services to public and private sector clients, focusing on sectors such as institutional, healthcare, education, commercial, industrial and multi?unit residential. Through its broad project portfolio, Bird has established a reputation for managing complex developments from initial concept through to project handover.

The company offers a full range of delivery models, including traditional design?bid?build, construction management, design?build and integrated project delivery.