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

Key Points

• AirBoss of America shares fell below their 200-day moving average, reaching C$6.40 compared with the C$7.23 average, on trading volume of 11,145 shares.
• Analyst sentiment remains cautiously positive: two analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and a C$9.00 target price.
• The company reported quarterly revenue of C$153.31 million and EPS of C$0.13, but continues to show a negative net margin of 1.44% and negative return on equity of 5.06%.

AirBoss of America Corp. (TSE:BOS - Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$7.23 and traded as low as C$6.40. AirBoss of America shares last traded at C$6.40, with a volume of 11,145 shares traded.

Wall Street Analyst Weigh In

BOS has been the subject of several research analyst reports. TD increased their target price on AirBoss of America from C$10.00 to C$11.00 and gave the company a "buy" rating in a research note on Friday, August 7th. National Bank Financial lifted their price target on AirBoss of America from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$9.00.

AirBoss of America Price Performance

The company has a market cap of C$173.89 million, a PE ratio of -27.83, a price-to-earnings-growth ratio of -550.53 and a beta of 0.66. The stock has a fifty day moving average price of C$7.32 and a 200-day moving average price of C$7.23. The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 EPS for the quarter. AirBoss of America had a negative return on equity of 5.06% and a negative net margin of 1.44%. The firm had revenue of C$153.31 million during the quarter. On average, equities analysts expect that AirBoss of America Corp. will post 0.10 earnings per share for the current year.

About AirBoss of America

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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