AirBoss of America (TSE:BOS) Hits New 52-Week High on Analyst Upgrade

Key Points

• AirBoss of America hit a new 52-week high after National Bank Financial raised its price target from C$5.00 to C$7.00; shares traded as high as C$6.62 (last C$6.45) and TD Securities also lifted its target to C$6.50 with a buy rating.
• Analyst coverage is limited—one analyst has a Buy and two have Holds, giving an average rating of Hold and an average price target of C$6.08.
• The company has a market cap of C$175.38M and a negative PE (-49.69) with high debt-to-equity (83.76), though the stock is trading above its 50-day (C$5.09) and 200-day (C$4.90) moving averages, indicating short-term momentum.

AirBoss of America Corp. (TSE:BOS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday after National Bank Financial raised their price target on the stock from C$5.00 to C$7.00. National Bank Financial currently has a sector perform rating on the stock. AirBoss of America traded as high as C$6.62 and last traded at C$6.45, with a volume of 20032 shares trading hands. The stock had previously closed at C$6.75.

Separately, TD Securities lifted their price target on shares of AirBoss of America from C$6.00 to C$6.50 and gave the stock a "buy" rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$6.08.

AirBoss of America Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.83 and a debt-to-equity ratio of 83.76. The stock's fifty day simple moving average is C$5.09 and its 200-day simple moving average is C$4.90. The company has a market capitalization of C$175.38 million, a PE ratio of -49.69, a PEG ratio of -550.53 and a beta of 1.58.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.