AirBoss of America (TSE:BOS) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: AirBoss shares crossed above their 200-day moving average (C$5.44) and last traded at C$7.07, rallying above the 50-day average (C$6.97) on modest volume (6,028 shares).
• Analyst upgrades: TD Securities raised its target to C$8.00 with a "buy" rating and National Bank raised its target to C$7.00 with a "sector perform" rating, leaving a consensus "Moderate Buy" and a mean target of C$7.50.
• Mixed fundamentals: The company has a market cap of C$191.9M and posted C$139.5M in quarterly revenue with C$0.01 EPS, but remains unprofitable on margins (net margin -2.13%, ROE -7.11%) and shows a negative P/E (-22.09).

AirBoss of America Corp. (TSE:BOS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.44 and traded as high as C$7.07. AirBoss of America shares last traded at C$7.07, with a volume of 6,028 shares.

Wall Street Analyst Weigh In

BOS has been the topic of several recent analyst reports. TD Securities raised their price target on shares of AirBoss of America from C$6.50 to C$8.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. National Bank Financial raised their price target on shares of AirBoss of America from C$5.00 to C$7.00 and gave the stock a "sector perform" rating in a research note on Friday, March 6th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, AirBoss of America presently has an average rating of "Moderate Buy" and a consensus target price of C$7.50.

AirBoss of America Stock Up 1.7%

The company has a market cap of C$191.94 million, a PE ratio of -22.09, a P/E/G ratio of -550.53 and a beta of 0.57. The company's 50 day moving average is C$6.97 and its 200 day moving average is C$5.44. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 72.38.

AirBoss of America (TSE:BOS - Get Free Report) last posted its quarterly earnings results on Friday, March 20th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$139.50 million for the quarter. AirBoss of America had a negative net margin of 2.13% and a negative return on equity of 7.11%. As a group, analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

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.

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