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AirBoss of America (TSE:BOS) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

AirBoss of America logo with Basic Materials background

Key Points

  • AirBoss of America Corp. shares have crossed above their 50-day moving average, indicating a potential buy signal, with the stock trading at C$5.11.
  • TD Securities has lowered its price target for AirBoss from C$6.50 to C$6.00 while maintaining a "buy" rating, while the consensus rating remains at "Hold".
  • The company's market capitalization stands at C$138.73 million and it has a significant debt-to-equity ratio of 95.38, highlighting financial risk.
  • Five stocks we like better than AirBoss of America.

AirBoss of America Corp. (TSE:BOS - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$5.23 and traded as high as C$5.39. AirBoss of America shares last traded at C$5.11, with a volume of 20,839 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities dropped their price objective on AirBoss of America from C$6.50 to C$6.00 and set a "buy" rating on the stock in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$5.25.

Read Our Latest Analysis on BOS

AirBoss of America Trading Down 3.2%

The stock has a market capitalization of C$138.73 million, a price-to-earnings ratio of -34.07, a PEG ratio of -550.53 and a beta of 1.67. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. The business has a 50-day moving average of C$5.23 and a 200-day moving average of C$4.66.

AirBoss of America Company Profile

(Get Free Report)

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.

See Also

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