ABM Industries Incorporated (NYSE:ABM) spotted trading -48.46% off 52-week high price. On the other end, the stock has been noted 11.11% away from the low price over the last 52-weeks. The stock changed -0.27% to recent value of $21.99. The stock transacted 1455694 shares during most recent day however it has an average volume of 422.77K shares. The company has 66.81M of outstanding shares and 65.96M shares were floated in the market.
On March 26, 2020, ABM Industries Incorporated (NYSE:ABM) a leading provider of facility solutions, provided a business update in anticipation of the continued spread of the coronavirus outbreak (COVID-19) and its evolving impact on the global operating environment.
ABM’s operations have been deemed an ‘Essential Service’ by the applicable governing authorities given the unprecedented focus on safety, infection control and cleaning protocols due to the COVID-19 pandemic. The Company continues to support its clients with critical operations, and is closely following the recommendations from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO), the Occupational Safety and Health Administration (OSHA), and the U.K. National Health Service (NHS), among others.
Scott Salmirs, President and Chief Executive Officer of ABM Industries, commented, Earlier this month, we announced our first quarter 2020 results. As indicated, we were pleased with those results and the start to our new fiscal year. Much has changed in the past few weeks as our country, and the rest of the world, continues to respond to COVID-19. The safety of our team members, our clients and the public is our top priority. We have deployed an operational task force to address the entire spectrum of our mission-critical services and operations. Our dedicated and reliable employees are on the front lines to advise our clients and help protect their facilities.
Mr. Salmirs continued, We have a significantly diversified client base and they are experiencing varying degrees of impact. ABM’s ‘Purpose’ has always been to take care of the people, places, and spaces that are important to our clients, and this is a time when the dedication and resilience of ABM shines. We are leveraging our national scale, supply chain and multiple services wherever possible as clients come to us for support and guidance. We have received incredible praise from our clients as our teams work tirelessly to be a valued partner.
Its earnings per share (EPS) expected to touch remained 78.50% for this year while earning per share for the next 5-years is expected to reach at 16.00%. ABM has a gross margin of 11.80% and an operating margin of 3.40% while its profit margin remained 2.20% for the last 12 months.
According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -21.32% from the mean of 20 days, -36.12% from mean of 50 days SMA and performed -41.03% from mean of 200 days price. Company’s performance for the week was 4.47%, -37.72% for month and YTD performance remained -41.69%.
Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.