Blackline Safety Corp. (TSE:BLN - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$6.87 and traded as low as C$6.64. Blackline Safety shares last traded at C$6.79, with a volume of 39,539 shares trading hands.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Ventum Financial upped their target price on shares of Blackline Safety from C$7.75 to C$8.25 and gave the company a "buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group increased their price objective on shares of Blackline Safety from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Thursday, March 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$7.39.
Get Our Latest Research Report on Blackline Safety
Blackline Safety Stock Up 1.4 %
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 firm has a market cap of C$553.99 million, a P/E ratio of -39.99 and a beta of 1.54. The firm's 50 day moving average is C$6.88 and its two-hundred day moving average is C$6.46.
Insider Activity
In other news, Director Robert Herdman sold 12,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of C$7.25, for a total transaction of C$87,000.00. Insiders sold 19,900 shares of company stock valued at $140,212 in the last quarter. Company insiders own 30.13% of the company's stock.
Blackline Safety Company Profile
(
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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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