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Blackline Safety (TSE:BLN) Stock 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 stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$7.25 and traded as low as C$7.11. Blackline Safety shares last traded at C$7.11, with a volume of 618 shares.

Analysts Set New Price Targets

BLN has been the topic of a number of recent research reports. Ventum Financial lifted their price target on shares of Blackline Safety from C$7.75 to C$8.25 and gave the stock a "buy" rating in a report on Thursday, March 13th. Canaccord Genuity Group boosted their target price on shares of Blackline Safety from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Thursday, March 13th.

Check Out Our Latest Research Report on Blackline Safety

Blackline Safety Stock Performance

The firm has a market cap of C$598.68 million, a price-to-earnings ratio of -43.21 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 firm's fifty day moving average is C$7.27 and its 200-day moving average is C$6.92.

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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