Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$7.89 and last traded at C$7.89, with a volume of 51827 shares. The stock had previously closed at C$7.72.
Analysts Set New Price Targets
A number of brokerages have issued reports on BLN. Ventum Financial increased their price objective on shares of Blackline Safety from C$7.75 to C$8.25 and gave the company a "buy" rating in a report on Thursday, March 13th. Canaccord Genuity Group upped their target price on shares of Blackline Safety from C$8.00 to C$8.50 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$7.39.
Read Our Latest Analysis on Blackline Safety
Blackline Safety Trading Up 1.9%
The firm has a market cap of C$663.61 million, a P/E ratio of -47.90 and a beta of 1.54. The stock has a 50 day simple moving average of C$6.91 and a 200-day simple moving average of C$6.77. The company has a current ratio of 1.97, a quick ratio of 3.09 and a debt-to-equity ratio of 23.58.
Insider Buying and Selling
In other news, Director Robert Herdman sold 6,000 shares of Blackline Safety stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$6.69, for a total value of C$40,140.00. 30.13% of the stock is currently owned by company insiders.
Blackline Safety Company Profile
(
Get Free Report)
Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
