GIC stock closed at $25.18/share on 11/22/2022.
Global Industrial Suppliers GIC Stock’s Technical Performance Broken Down
GIC Stock Price: $25.18
10 Day Moving Average: $24.93
50 Day Moving Average: $27.06
200 Day Moving Average: $30.80
Yesterday, GIC stock completed a bullish MACD crossover, rising 1.49%.
Recent trading volumes have been below average compared to the year prior, and their RSI is on the oversold side of neutral, signaling that there is still uncertainty of how the market values them in the near-term.
GIC stock has support at the $24.93 & $24.05/share price levels, while they try to break above the $25.52 & $26 resistance levels.
Global Industrial Suppliers GIC Stock As A Long-Term Investment
Long-term oriented investors will like GIC stock’s 11.18 P/E (ttm), but may find their 4.66 P/B (mrq) to be a bit rich.
They recently reported 7.6% Quarterly Revenue Growth Y-o-Y, with -12.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more detailed review, with $20M of Total Cash (mrq) & $111.5M of Total Debt (mrq).
GIC stock pays a 2.82% dividend, which appears to be sustainable in the long-run, as their payout ratio is 31.53%.
31.43% of GIC stock’s outstanding share float is owned by institutional investors.
Global Industrial Suppliers GIC Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from price movements in GIC stock, while hedging their portfolio against volatility.
I am looking at the contracts with the 12/16 expiration.
The $25 & $22.50 calls are in-the-money.
Their $30 puts are also in-the-money.
Tying It All Together
GIC stock has many unique attributes that traders & investors are sure to find appealing.
Investors will like their dividend & their low P/E (ttm).
Traders will like their recent technical performance, but may be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into GIC stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF GIC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***