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Blackline Safety (TSE:BLN) Share Price Crosses Below 50 Day Moving Average - Here's Why

Blackline Safety logo with Computer and Technology background

Blackline Safety Corp. (TSE:BLN - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$7.31 and traded as low as C$6.65. Blackline Safety shares last traded at C$6.65, with a volume of 87,344 shares traded.

Blackline Safety Trading Down 0.2%

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 stock has a market cap of C$547.25 million, a P/E ratio of -39.50 and a beta of 1.54. The firm's fifty day moving average price is C$7.31 and its two-hundred day moving average price is C$6.93.

Insider Activity

In related news, Senior Officer Kevin Joseph Meyers purchased 5,000 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were acquired at an average cost of C$6.50 per share, with a total value of C$32,498.00. Company insiders own 30.13% of the company's stock.

Blackline Safety Company Profile

(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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