Blackline Safety Corp. (TSE:BLN - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$6.73 and traded as high as C$7.84. Blackline Safety shares last traded at C$7.70, with a volume of 40,702 shares trading hands.
Wall Street Analysts Forecast Growth
BLN has been the subject of several research reports. Ventum Financial increased their price objective on shares of Blackline Safety from C$7.75 to C$8.25 and gave the company a "buy" rating in a research report on Thursday, March 13th. Canaccord Genuity Group raised their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the company a "buy" rating in a research note on Thursday, March 13th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Blackline Safety presently has an average rating of "Buy" and a consensus price target of C$7.39.
Read Our Latest Analysis on BLN
Blackline Safety Price Performance
The stock's 50 day moving average price is C$6.81 and its 200-day moving average price is C$6.74. 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 stock has a market capitalization of C$645.90 million, a PE ratio of -46.62 and a beta of 1.54.
Insider Activity at Blackline Safety
In related news, Director Robert Herdman sold 6,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$6.69, for a total transaction of C$40,140.00. 30.13% of the stock is currently owned by corporate insiders.
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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