Blackline Safety Corp. (TSE:BLN - Get Free Report) Senior Officer Meaghan Whitney sold 1,800 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of C$6.19, for a total value of C$11,142.00.
Blackline Safety Stock Performance
TSE BLN traded down C$0.10 during trading on Monday, hitting C$6.14. The company's stock had a trading volume of 14,027 shares, compared to its average volume of 42,334. The firm has a market cap of C$501.45 million, a P/E ratio of -26.70 and a beta of 1.54. The company has a quick ratio of 3.09, a current ratio of 2.07 and a debt-to-equity ratio of 36.48. Blackline Safety Corp. has a 52 week low of C$3.22 and a 52 week high of C$6.40. The firm has a 50 day moving average price of C$6.95 and a 200 day moving average price of C$8.23.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. National Bankshares lifted their price target on Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. Ventum Cap Mkts upgraded Blackline Safety to a "strong-buy" rating in a report on Wednesday, September 4th. Raymond James lifted their price target on Blackline Safety from C$7.00 to C$8.00 in a report on Thursday, September 19th. ATB Capital lifted their price target on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Finally, TD Securities raised their price objective on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. One investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$7.00.
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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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