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Blackline Safety (TSE:BLN) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Blackline Safety logo with Computer and Technology background

Blackline Safety Corp. (TSE:BLN - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Blackline Safety Stock Down 0.2%

The firm has a 50 day moving average price of C$7.31 and a two-hundred day moving average price of C$6.93. 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 company has a market capitalization of C$547.25 million, a price-to-earnings ratio of -39.50 and a beta of 1.54.

Insider Buying and Selling

In other news, Senior Officer Kevin Joseph Meyers purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average cost of C$6.50 per share, for a total transaction of C$32,498.00. Company 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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