Gildan Activewear (TSE:GIL) Sets New 1-Year Low at $30.81

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Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$30.81 and last traded at C$34.93, with a volume of 4345626 shares changing hands. The stock had previously closed at C$46.49.

A number of research firms have recently issued reports on GIL. National Bank Financial lifted their price objective on shares of Gildan Activewear from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a report on Wednesday. Desjardins downgraded shares of Gildan Activewear from a “buy” rating to a “sell” rating in a report on Friday.

The company has a debt-to-equity ratio of 58.07, a current ratio of 4.33 and a quick ratio of 1.59. The firm’s 50 day moving average is C$47.37 and its two-hundred day moving average is C$49.43. The firm has a market capitalization of $7.03 billion and a P/E ratio of 24.13.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Thursday, August 1st. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The company had revenue of C$1.04 billion for the quarter, compared to analyst estimates of C$1.06 billion. Analysts anticipate that Gildan Activewear Inc will post 2.0899999234508 EPS for the current fiscal year.

About Gildan Activewear (TSE:GIL)

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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