Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$6.09 and last traded at C$6.03, with a volume of 487380 shares. The stock had previously closed at C$5.91.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. TD Securities raised their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a research note 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 research note on Thursday, September 12th. ATB Capital raised their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. Raymond James raised their target price on shares of Blackline Safety from C$7.00 to C$8.00 in a research note on Thursday, September 19th. Finally, Canaccord Genuity Group raised their target price on shares of Blackline Safety from C$5.25 to C$5.50 and gave the company a "speculative buy" rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$7.00.
Get Our Latest Research Report on BLN
Blackline Safety Stock Performance
The firm's fifty day simple moving average is C$7.54 and its 200 day simple moving average is C$8.44. The company has a market capitalization of C$496.55 million, a price-to-earnings ratio of -26.22 and a beta of 1.51. The company has a debt-to-equity ratio of 36.48, a current ratio of 2.07 and a quick ratio of 3.09.
Blackline Safety Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Blackline Safety, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackline Safety wasn't on the list.
While Blackline Safety currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
