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AirBoss of America (TSE:BOS) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

AirBoss of America logo with Basic Materials background

AirBoss of America Corp. (TSE:BOS - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.53 and traded as low as C$3.96. AirBoss of America shares last traded at C$4.09, with a volume of 41,560 shares.

Wall Street Analysts Forecast Growth

BOS has been the subject of a number of research reports. CIBC upgraded shares of AirBoss of America from an "underperform" rating to a "neutral" rating and boosted their target price for the company from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. Cibc World Mkts upgraded AirBoss of America from a "strong sell" rating to a "hold" rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$6.19.

Read Our Latest Stock Analysis on AirBoss of America

AirBoss of America Trading Down 5.6 %

The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36. The company's 50-day moving average is C$3.95 and its 200 day moving average is C$4.52. The company has a market cap of C$104.72 million, a price-to-earnings ratio of -1.41, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

AirBoss of America (TSE:BOS - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C($0.16) EPS for the quarter, missing analysts' consensus estimates of C($0.05) by C($0.11). AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. During the same period last year, the firm earned ($0.13) EPS. Research analysts predict that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

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 on Thursday, December 5th. The stock was acquired at an average price of C$4.27 per share, with a total value of C$42,739.00. Also, Director Peter Grenville Schoch bought 10,900 shares of the firm's stock in a transaction dated 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. Insiders have purchased a total of 36,400 shares of company stock valued at $143,669 over the last ninety days. Corporate insiders own 34.90% of the company's stock.

About AirBoss of America

(Get Free Report)

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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