Blackline Safety (TSE:BLN) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• Blackline Safety Corp. shares have fallen below their 50-day moving average for the first time, trading at C$6.26, below the average of C$6.81.
• The company has a market cap of C$527.85 million and a price-to-earnings ratio of -38.10.
• Senior Officer Kevin Joseph Meyers recently purchased 5,000 shares at an average price of C$6.50, indicating potential insider confidence in the company.

Blackline Safety Corp. (TSE:BLN - Get Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$6.81 and traded as low as C$6.23. Blackline Safety shares last traded at C$6.26, with a volume of 6,010 shares changing hands.

Blackline Safety Stock Up 7.4%

The company has a market capitalization of C$560.74 million, a P/E ratio of -40.47 and a beta of 1.54. 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 company has a 50 day moving average of C$6.72 and a 200-day moving average of C$6.85.

Insider Buying and Selling

In related news, Senior Officer Kevin Joseph Meyers purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were acquired at an average price of C$6.50 per share, for a total transaction 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.