AirBoss of America (TSE:BOS) Hits New 12-Month Low - What's Next?

AirBoss of America Corp. (TSE:BOS - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as C$3.75 and last traded at C$3.80, with a volume of 20510 shares trading hands. The stock had previously closed at C$3.80.

Analyst Ratings Changes

BOS has been the topic of several recent analyst reports. TD Securities boosted their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Cibc World Mkts raised shares of AirBoss of America from a "strong sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, CIBC upgraded shares of AirBoss of America from an "underperform" rating to a "neutral" rating and boosted their price target for the company from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, AirBoss of America presently has an average rating of "Hold" and an average target price of C$6.19.

AirBoss of America Price Performance

The company's 50-day simple moving average is C$4.35 and its 200 day simple moving average is C$4.90. The stock has a market capitalization of C$102.82 million, a price-to-earnings ratio of -1.38, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36.

Insider Activity

In other AirBoss of America news, Senior Officer Franco Ientile bought 10,000 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of C$4.27 per share, with a total value of C$42,739.00. Also, Director Peter Grenville Schoch purchased 10,900 shares of the business's stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$3.80 per share, with a total value of C$41,420.00. Insiders have bought a total of 32,400 shares of company stock valued at $128,273 over the last 90 days. 34.90% of the stock is currently owned by company insiders.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.

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