Blackline Safety (TSE:BLN) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.35 and traded as high as C$6.48. Blackline Safety shares last traded at C$6.43, with a volume of 7,913 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James lifted their target price on Blackline Safety from C$7.00 to C$8.00 in a research report on Thursday, September 19th. TD Securities raised their price target on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Ventum Financial boosted their price objective on shares of Blackline Safety from C$6.50 to C$7.00 in a research report on Thursday, September 12th. National Bankshares raised their target price on shares of Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. Finally, Ventum Cap Mkts raised Blackline Safety to a "strong-buy" rating in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$7.00.

Blackline Safety Stock Down 0.6 %

The company has a quick ratio of 3.09, a current ratio of 2.07 and a debt-to-equity ratio of 36.48. The firm's 50 day simple moving average is C$6.35 and its 200 day simple moving average is C$7.38. The company has a market cap of C$525.14 million, a price-to-earnings ratio of -27.96 and a beta of 1.54.

Blackline Safety Company Profile

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.