Shares of G&K Services (NASDAQ:GK) Sees Large Inflow of Net Money Flow

Shares of G&K Services (NASDAQ:GK) saw an erosion of -0.18 points in recent session. During the trading, the value of each share was $75.83, dropping -0.24%. The shares saw high fund-flow as the composite value of all the upticks was $10.49 million and the total value of all the downticks was a mere $2.2 million. The net money flow was seen at $8.29 million and the up/down ratio was measured at 4.77. On a weekly basis the shares of the shares have recorded a change of -0.11%.The block trade which occurred today had $7.71 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $7.71 million was the net money flow of the block transaction.


Currently the company Insiders own 3.66% of G&K Services shares according to the proxy statements. Institutional Investors own 94.76% of G&K Services shares. During last six month period, the net percent change held by insiders has seen a change of -30.41%. On the companys insider trading activities, Dietz Thomas Joseph, officer (Vice President and Controller) of G&K Services Inc, unloaded 1,068 shares at an average price of $71.05 on May 2, 2016. The total amount of the transaction was worth $75,881, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

G&K Services (NASDAQ:GK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 0.24% at $75.83 with 231,939 shares getting traded. Post opening the session at $76, the shares hit an intraday low of $75.52 and an intraday high of $77.655 and the price was in this range throughout the day. The company has a market cap of $1,498 million and the number of outstanding shares have been calculated to be 19,756,009 shares. The 52-week high of G&K Services (NASDAQ:GK) is $77.655 and the 52-week low is $51.94.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Sidoti & Co. downgrades its rating on G&K Services (NASDAQ:GK).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 6, 2016.

G&K Services, Inc. is a service-focused market leader of branded uniform and facility services programs. The Companys facility products and services include floor mats, towels, mops and restroom hygiene products. The Company serves customers in industries including automotive, warehousing, distribution, transportation, energy, manufacturing, food processing, pharmaceutical, retail, restaurants, hospitality, government, healthcare and others. The Company provides service to customers of every size, from Fortune 100 companies to small and midsize firms. The Company offers facility services programs that provide dust control, maintenance, hand care and hygiene products and services. These programs include floor mat offerings such as traction control, logo, message, scraper, anti-fatigue; towel products such as shop, kitchen, bar, bath, dish, continuous roll, microfiber; mop offerings such as dust, microfiber, wet; fender covers, selected linen items and restroom hygiene products.

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