AirBoss of America (TSE:BOS) Sets New 52-Week Low - Time to Sell?

Shares of AirBoss of America Corp. (TSE:BOS - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as C$3.65 and last traded at C$3.68, with a volume of 22597 shares trading hands. The stock had previously closed at C$3.70.

Wall Street Analyst Weigh In

BOS has been the topic of a number of recent analyst reports. Cibc World Mkts raised AirBoss of America from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 4th. CIBC upgraded shares of 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 shares of 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$6.19.

AirBoss of America Stock Up 0.3 %

The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The firm's 50 day moving average price is C$4.12 and its two-hundred day moving average price is C$4.76. The company has a market cap of C$100.65 million, a P/E ratio of -1.35, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling at AirBoss of America

In other news, Director Peter Grenville Schoch bought 10,900 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile purchased 10,000 shares of AirBoss of America stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of C$4.27 per share, with a total value of C$42,739.00. Over the last ninety days, insiders purchased 33,200 shares of company stock valued at $131,273. Corporate insiders own 34.90% of the company's stock.

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.