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Blackline Safety (TSE:BLN) Stock Crosses Above Fifty Day Moving Average - What's Next?

Blackline Safety logo with Computer and Technology background

Key Points

  • Blackline Safety Corp. shares have crossed above their 50-day moving average of C$6.66, reaching a high of C$7.29 during trading.
  • The company has a market capitalization of C$630.22 million, with a PE ratio of -80.78 and a debt-to-equity ratio of 23.58.
  • Insider transactions include Senior Officer Kevin Joseph Meyers purchasing 5,000 shares at an average price of C$6.50, indicating confidence from company insiders.
  • MarketBeat previews the top five stocks to own by October 1st.

Blackline Safety Corp. (TSE:BLN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.66 and traded as high as C$7.29. Blackline Safety shares last traded at C$7.27, with a volume of 177,406 shares.

Blackline Safety Stock Up 0.4%

The stock has a market capitalization of C$609.42 million, a P/E ratio of -78.11 and a beta of 1.04. The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58. The firm has a 50 day simple moving average of C$6.66 and a two-hundred day simple moving average of C$6.83.

Insiders Place Their Bets

In other Blackline Safety news, Senior Officer Kevin Joseph Meyers purchased 5,000 shares of the company'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, 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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