Blackline Safety (TSE:BLN) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Blackline Safety Corp. has recently seen its stock price drop below its 50-day moving average of C$7.27, trading at C$6.33.
• The company has a solid financial position with a quick ratio of 3.09 and a current ratio of 1.97, but a negative PE ratio of -38.53.
• Insider trading activity was noted with Senior Officer Kevin Joseph Meyers acquiring 5,000 shares at C$6.50 each, bringing insider ownership to 30.13% of the company’s stock.

Shares of Blackline Safety Corp. (TSE:BLN - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$7.27 and traded as low as C$6.32. Blackline Safety shares last traded at C$6.33, with a volume of 126,277 shares trading hands.

Blackline Safety Stock Down 0.3%

The company's fifty day moving average price is C$7.20 and its 200-day moving average price is C$6.92. The stock has a market cap of C$537.97 million, a P/E ratio of -38.83 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97.

Insiders Place Their Bets

In other Blackline Safety news, Senior Officer Kevin Joseph Meyers purchased 5,000 shares of the stock in a transaction dated Thursday, July 17th. The stock was purchased at an average price of C$6.50 per share, with a total value of C$32,498.00. 30.13% of the stock is owned by insiders.

About Blackline Safety

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.