Blackline Safety Corp. (TSE:BLN - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.61 and traded as high as C$6.67. Blackline Safety shares last traded at C$6.64, with a volume of 38,193 shares.
Wall Street Analysts Forecast Growth
BLN has been the topic of several recent research reports. Ventum Financial boosted their price target on shares of Blackline Safety from C$7.75 to C$8.25 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group increased their price target on Blackline Safety from C$8.00 to C$8.50 and gave the company a "buy" rating in a research note on Thursday, March 13th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Blackline Safety currently has a consensus rating of "Buy" and a consensus target price of C$7.39.
View Our Latest Research Report on BLN
Blackline Safety Stock Up 3.7 %
The firm's fifty day moving average is C$6.58 and its 200-day moving average is C$6.59. The company has a market capitalization of C$564.11 million, a P/E ratio of -40.72 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97.
Insider Activity
In related news, Director Robert Herdman sold 6,000 shares of Blackline Safety stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$6.69, for a total transaction of C$40,140.00. Over the last 90 days, insiders sold 20,300 shares of company stock valued at $142,320. Insiders own 30.13% of the company's stock.
About Blackline Safety
(
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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.
Further Reading
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