tsla

Badger Meter Stock Slides on Analyst Bear Note

BMI has not been an analyst favorite of late

Managing Editor
Jan 2, 2020 at 9:12 AM
facebook X logo linkedin


Water and utility measurement service Badger Meter, Inc. (NYSE:BMI) is down 1.8% this morning, last seen at $63.75. Weighing heavy on the equity is a downgrade to "sell" from "hold" at Canaccord Genuity, the firm citing a less favorable reward that is making near-term upside look limited. Coming into today, all three covering analysts carried a "hold" recommendation. 

Despite this morning's set back, BMI remains not far off its Dec. 27 record high of $66.30, and is 21% higher on the quarter. The equity has seen an impressive climb during the past 12 months, with its 20-day moving average containing pullbacks in the last three months. 

Short interest on Badger Meter stock plunged 15.5% during the past two reporting periods, but still accounts for more than 9% of the security's total available float. At BMI's average pace of daily trading, it would take short sellers more than 12 days to buy back their bearish bets.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.