Blackline Safety Corp. (TSE:BLN - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$7.02 and traded as high as C$7.47. Blackline Safety shares last traded at C$7.27, with a volume of 75,523 shares traded.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on BLN shares. Canaccord Genuity Group increased their price target on shares of Blackline Safety from C$8.00 to C$8.50 and gave the stock a "buy" rating in a report on Thursday, March 13th. Ventum Financial increased their target price on 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. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$7.39.
Read Our Latest Stock Analysis on BLN
Blackline Safety Price Performance
The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The business's 50-day moving average price is C$7.02 and its two-hundred day moving average price is C$6.80. The firm has a market cap of C$610.49 million, a price-to-earnings ratio of -44.06 and a beta of 1.54.
Insiders Place Their Bets
In related news, Director Robert Herdman sold 6,000 shares of the business's 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 transaction of C$40,140.00. 30.13% of the stock is owned by company insiders.
About Blackline Safety
(
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.
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