ABM Industries Incorporated Hits New 1-Year Low at $38.08

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ABM ($NYSE:ABM) Industries Incorporated, a leading provider of integrated facility solutions, hit a new 52-week low during mid-day trading on Friday. ABM Industries provides a comprehensive range of services to commercial, industrial, institutional and governmental customers. The company’s services include janitorial, electrical, HVAC, plumbing, landscaping, parking and security.

ABM Industries has a long history of delivering high-quality services and is dedicated to providing its customers with superior service and value. The company’s stock price has been under pressure in recent months due to challenging economic conditions.

Share Price

ABM Industries Incorporated has hit a new 1-year low at $38.08. So far, media sentiment has been mostly positive, with some analysts predicting a rebound. On Monday, ABM INDUSTRIES stock opened at $38.2 and closed at $38.3, up by 0.2% from its previous closing price of $38.3.

VI Analysis

ABM Industries Incorporated is an American provider of integrated facility solutions. Headquartered in New York City, ABM provides custom facility solutions in urban, suburban and rural areas to customers throughout the United States. Its services include janitorial, electrical, lighting, energy, landscaping, parking and security. Cheetah companies are those that have achieved high revenue or earnings growth but are considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. ABM Industries is strong in dividend, growth, and medium in profitability.

However, it is weak in asset. ABM Industries has an intermediate health score of 6/10 considering its cashflows and debt. This means that it might be able to sustain future operations in times of crisis.

Summary

ABM Industries Incorporated hit a new 52-week low of $38.08 today. ABM has been under fire recently for allegedly overcharging the U.S. government for janitorial services, and an investigation is currently underway. The company has also been struggling to keep up with its competitors, and has been losing market share. They believe that ABM is a good value play, and that the recent sell-off is an overreaction.

If you’re thinking about investing in ABM, then you should wait for the dust to settle. The company is facing some serious challenges, but it still has a lot of potential.