AirBoss of America (TSE:BOS) Stock Breaks Below 200-Day Moving Average - What's Next?

Key Points

• AirBoss of America shares fell below their 200-day moving average, reaching C$6.67 before closing at C$6.80, below the C$7.28 long-term average.
• Analysts remain generally positive, with two Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of C$9.00.
• The company reported quarterly revenue of C$153.31 million and earnings of C$0.13 per share, but continued to show a negative net margin of 1.44% and negative return on equity of 5.06%.

Shares of AirBoss of America Corp. (TSE:BOS - Get Free Report) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$7.28 and traded as low as C$6.67. AirBoss of America shares last traded at C$6.80, with a volume of 4,576 shares traded.

Wall Street Analysts Forecast Growth

BOS has been the topic of a number of research reports. TD boosted their price objective on AirBoss of America from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. National Bank Financial lifted their price target on shares of AirBoss of America from C$7.00 to C$8.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$9.00.

AirBoss of America Stock Performance

The stock has a market capitalization of C$184.76 million, a PE ratio of -29.57, a P/E/G ratio of -550.53 and a beta of 0.66. The company has a debt-to-equity ratio of 73.78, a quick ratio of 1.07 and a current ratio of 1.72. The firm has a 50 day moving average of C$7.37 and a 200-day moving average of C$7.28.

AirBoss of America (TSE:BOS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported C$0.13 earnings per share for the quarter. AirBoss of America had a negative return on equity of 5.06% and a negative net margin of 1.44%. The company had revenue of C$153.31 million for the quarter. Research analysts forecast that AirBoss of America Corp. will post 0.10 earnings per share for the current year.

AirBoss of America Company Profile

AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber and polymer compounds and finished products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations.

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