Blackline Safety (TSE:BLN) Stock Price Down 0.4% - Here's What Happened

Key Points

• Blackline Safety Corp. shares fell by 0.4%, ending at C$7.01, with trading volume down 78% from average levels.
• Analysts have mixed views, with ATB Capital raising their price target to C$11.00 while TD Securities downgraded their rating to "hold" and lowered their target to C$8.00.
• The company's financial metrics include a debt-to-equity ratio of 23.58 and a market cap of C$609.25 million, indicating a challenging financial landscape with a P/E ratio of -77.89.

Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) traded down 0.4% during trading on Friday . The company traded as low as C$6.95 and last traded at C$7.01. 14,944 shares traded hands during trading, a decline of 78% from the average session volume of 69,025 shares. The stock had previously closed at C$7.04.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. ATB Capital lifted their price target on shares of Blackline Safety from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. TD Securities lowered shares of Blackline Safety from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$8.50 to C$8.00 in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Blackline Safety has a consensus rating of "Moderate Buy" and a consensus target price of C$8.94.

Blackline Safety Stock Performance

The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97. The firm has a market cap of C$609.25 million, a P/E ratio of -77.89 and a beta of 0.84. The firm's fifty day moving average price is C$7.01 and its 200 day moving average price is C$6.94.

Blackline Safety Company Profile

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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