Traders are feeling more bullish on shares of the company if you look at the change in short interest. The company realized a fall in short interest of -5.52% as of the latest report on August 31, 2017. Short shares decreased 35,263 over that timeframe. With short interest at 603,695 and short average daily volume at 347,122, the short-interest ratio is 2.0 and the short interest percentage is 0.01% as of August 31.
The company is so far trading up by 0.75%% since yesterday’s close of 34.52. The stock is trading at $34.78 barely above the 50 day moving average which is $33.83 and which is slightly above the 200 day moving average of $33.83. The 50 day moving average was up by +2.81% whereas the 200 day moving average was up $0.95 or +2.81%.
GMS Inc.’s P/E ratio is 26.63 and market capitalization is 1.42B. In the last earnings report the EPS was $1.31 and is expected to be $2.02 for the current year with 40,970,000 shares outstanding. Next quarter’s EPS is estimated at $0.41 with next year’s EPS projected to be $2.37.
GMS Inc. distributes gypsum wallboard, acoustical ceiling products, and other specialty building materials to the interior contractors of commercial and residential buildings in North America. The company offers wallboard products; and ceilings product line that consists of suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and other commercial and institutional building applications. It also distributes steel framing products, including steel tracks, studs, and various other steel products used to frame the interior walls of a commercial or institutional building; and insulation, ready-mix joint compound, and various other related interior construction products. The company offers its products through a network of distribution centers to contractors, as well as home builders. GMS Inc. was founded in 1971 and is headquartered in Tucker, Georgia..