GMS Surges As Construction Becomes Trending Despite COVID-19 Infection Cases Rise

On Thursday GMS stock rose 6.79% to $24.21 that boosted daily volume to 499,657 shares. The company is still undervalued on the market while actual fair value looks realistic and guarantees overall financial stability.

Slow growth since March 16 could indicate that contractors order construction materials aggressively. This will be obvious in Q2 2020 financial reports. Its positive 12 months based EPS is the main factor in attracting long term investors who are interested in getting dividends and slow growth.

As urbanization grows exponentially worldwide the construction materials will be on high demand from contractors. COVID-19 pandemic didn’t spread in building sites as people keep long-distance. We may conclude GMS’ revenue and stock are destined to surge further non-aggressively.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life