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

Blackline Safety logo with Computer and Technology background

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.
  • Looking to export and analyze Blackline Safety data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Blackline Safety Corp. (TSE:BLN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Blackline Safety Stock Up 0.2%

The business's 50 day moving average is C$6.78 and its 200 day moving average is C$6.86. The company has a market capitalization of C$523.64 million, a price-to-earnings ratio of -37.79 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 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 stock was bought at an average price of C$6.50 per share, with a total value of C$32,498.00. Insiders own 30.13% of the company's stock.

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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