AirBoss of America (TSE:BOS) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Shares of AirBoss of America Corp. (TSE:BOS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.61 and traded as low as C$3.76. AirBoss of America shares last traded at C$3.82, with a volume of 13,377 shares changing hands.

Wall Street Analysts Forecast Growth

BOS has been the subject of several recent research reports. CIBC upgraded AirBoss of America from an "underperform" rating to a "neutral" rating and lifted their price target for the company from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. Cibc World Mkts raised AirBoss of America from a "strong sell" rating to a "hold" rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$6.19.

AirBoss of America Stock Up 1.6 %

The firm has a 50 day moving average of C$3.97 and a two-hundred day moving average of C$4.60. The stock has a market capitalization of C$105.26 million, a PE ratio of -1.42, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36.

Insider Buying and Selling at AirBoss of America

In other news, Senior Officer Franco Ientile bought 10,000 shares of AirBoss of America stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of C$4.27 per share, for a total transaction of C$42,739.00. Also, Director Peter Grenville Schoch bought 10,900 shares of AirBoss of America stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of C$3.80 per share, for a total transaction of C$41,420.00. In the last 90 days, insiders have purchased 36,400 shares of company stock worth $143,669. 34.90% of the stock is owned by insiders.

About AirBoss of America

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.