Blackline Safety (TSE:BLN) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Blackline Safety's share price has fallen below its 50-day moving average of C$7.11, currently trading at C$6.25, indicating a potential trend shift.
• Insider transactions show that Senior Officer Kevin Joseph Meyers purchased 5,000 shares at an average cost of C$6.50 each, reflecting confidence from corporate insiders who own 30.13% of the stock.
• The company has a market capitalization of C$527.01 million and a P/E ratio of -38.04, highlighting challenges in profitability and financial performance.

Blackline Safety Corp. (TSE:BLN - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$7.11 and traded as low as C$6.17. Blackline Safety shares last traded at C$6.25, with a volume of 27,115 shares.

Blackline Safety Price Performance

The company has a current ratio of 1.97, a quick ratio of 3.09 and a debt-to-equity ratio of 23.58. The company has a market cap of C$527.01 million, a P/E ratio of -38.04 and a beta of 1.54. The business's fifty day moving average is C$7.11 and its 200 day moving average is C$6.91.

Insider Transactions at Blackline Safety

In other Blackline Safety news, Senior Officer Kevin Joseph Meyers bought 5,000 shares of the stock in a transaction on Thursday, July 17th. The shares were acquired at an average price of C$6.50 per share, with a total value of C$32,498.00. 30.13% of the stock is owned by insiders.

Blackline Safety Company Profile

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.