Blackline Safety Corp. (TSE:BLN - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.61 and traded as high as C$6.67. Blackline Safety shares last traded at C$6.64, with a volume of 38,193 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BLN shares. Canaccord Genuity Group raised their price target on Blackline Safety from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Thursday, March 13th. Ventum Financial raised their target price on Blackline Safety from C$7.75 to C$8.25 and gave the company a "buy" rating in a research note on Thursday, March 13th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Blackline Safety presently has an average rating of "Buy" and an average target price of C$7.39.
Get Our Latest Stock Analysis on BLN
Blackline Safety Stock Down 0.8 %
The company has a current ratio of 1.97, a quick ratio of 3.09 and a debt-to-equity ratio of 23.58. The company has a market cap of C$548.09 million, a P/E ratio of -39.56 and a beta of 1.54. The firm's 50 day moving average price is C$6.60 and its 200-day moving average price is C$6.60.
Insiders Place Their Bets
In other news, Director Robert Herdman sold 6,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$6.69, for a total value of C$40,140.00. In the last 90 days, insiders sold 22,200 shares of company stock valued at $155,392. Company insiders own 30.13% of the company's stock.
About Blackline Safety
(
Get Free Report)
Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.
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