AirBoss of America (TSE:BOS) Sets New 12-Month Low - Here's What Happened

AirBoss of America Corp. (TSE:BOS - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as C$3.67 and last traded at C$3.75, with a volume of 14227 shares traded. The stock had previously closed at C$3.75.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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. CIBC raised AirBoss of America from an "underperform" rating to a "neutral" rating and raised their price target for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Finally, TD Securities upped their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, AirBoss of America has a consensus rating of "Hold" and an average price target of C$6.19.

AirBoss of America Price Performance

The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36. The company's 50 day moving average price is C$4.23 and its 200 day moving average price is C$4.83. The company has a market cap of C$102.55 million, a price-to-earnings ratio of -1.38, a PEG ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling at AirBoss of America

In related news, Senior Officer Franco Ientile purchased 10,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of C$4.27 per share, for a total transaction of C$42,739.00. Also, Director Peter Grenville Schoch acquired 10,900 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of C$3.80 per share, for a total transaction of C$41,420.00. In the last 90 days, insiders have acquired 33,200 shares of company stock valued at $131,273. 34.90% of the stock is owned by corporate 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.