Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.32 and traded as low as C$6.23. Blackline Safety shares last traded at C$6.31, with a volume of 7,200 shares trading hands.
Analysts Set New Price Targets
Several research firms have issued reports on BLN. Ventum Cap Mkts raised Blackline Safety to a "strong-buy" rating in a report on Wednesday, September 4th. Raymond James upped their target price on shares of Blackline Safety from C$7.00 to C$8.00 in a report on Thursday, September 19th. National Bankshares raised their price target on shares of Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. TD Securities upped their price target on shares of Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Finally, ATB Capital lifted their price objective on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$7.00.
View Our Latest Stock Report on Blackline Safety
Blackline Safety Price Performance
The firm has a fifty day moving average of C$6.21 and a two-hundred day moving average of C$7.98. The company has a current ratio of 2.07, a quick ratio of 3.09 and a debt-to-equity ratio of 36.48. The company has a market capitalization of C$511.25 million, a PE ratio of -27.22 and a beta of 1.54.
About Blackline Safety
(
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Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.
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