Gildan Activewear (TSE:GIL) Shares Pass Above 50 Day Moving Average – Should You Sell?

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$90.47 and traded as high as C$99.24. Gildan Activewear shares last traded at C$97.83, with a volume of 520,968 shares trading hands.

Wall Street Analyst Weigh In

GIL has been the subject of several recent analyst reports. TD Securities lifted their price objective on shares of Gildan Activewear from C$74.00 to C$77.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Desjardins set a C$95.00 price target on Gildan Activewear and gave the stock a “buy” rating in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$81.75.

Gildan Activewear Price Performance

The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. The firm has a fifty day moving average of C$90.47 and a two-hundred day moving average of C$83.27. The company has a market capitalization of C$18.11 billion, a PE ratio of 31.46, a PEG ratio of 4.55 and a beta of 1.41.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.