Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$5.41 and last traded at C$5.01, with a volume of 152563 shares trading hands. The stock had previously closed at C$4.70.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Ventum Cap Mkts raised Blackline Safety to a "strong-buy" rating in a research note on Wednesday, September 4th. National Bankshares set a C$6.00 price target on shares of Blackline Safety and gave the stock a "buy" rating in a research report on Thursday, June 13th. ATB Capital lifted their price target on shares of Blackline Safety from C$5.50 to C$6.00 in a report on Monday, June 17th. Ventum Financial set a C$6.50 target price on shares of Blackline Safety and gave the stock a "buy" rating in a research report on Thursday, September 5th. Finally, Canaccord Genuity Group lifted their price objective on Blackline Safety from C$5.25 to C$5.50 and gave the stock a "speculative buy" rating in a research note on Friday, June 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$6.00.
Check Out Our Latest Stock Analysis on BLN
Blackline Safety Stock Up 7.2 %
The company has a market capitalization of C$273.92 million and a P/E ratio of -24.23. The stock has a 50-day moving average price of C$8.59 and a 200-day moving average price of C$8.80. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09.
Blackline Safety (TSE:BLN - Get Free Report) last announced its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.04) by C($0.02). The firm had revenue of C$31.58 million during the quarter, compared to the consensus estimate of C$30.62 million. On average, research analysts predict that Blackline Safety Corp. will post -0.05 EPS for the current fiscal year.
About Blackline Safety
(
Get Free Report)
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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