TD Securities Cuts AirBoss of America (TSE:BOS) Price Target to C$6.50

Key Points

• TD Securities has reduced the price target for AirBoss of America from C$7.00 to C$6.50, maintaining a "buy" rating on the stock.
• The company's stock fell 2.8% to C$4.90, with reported trading volumes significantly lower than its average.
• AirBoss of America operates in multiple segments, including Rubber Solutions and AirBoss Defense Group, providing rubber-based products for various markets.

AirBoss of America (TSE:BOS - Free Report) had its target price trimmed by TD Securities from C$7.00 to C$6.50 in a report issued on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

AirBoss of America Stock Performance

Shares of TSE:BOS traded down C$0.07 during midday trading on Thursday, reaching C$4.83. 17,796 shares of the company traded hands, compared to its average volume of 24,283. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 95.38. AirBoss of America has a 12 month low of C$3.34 and a 12 month high of C$5.60. The firm has a market capitalization of C$87.87 million, a price-to-earnings ratio of -1.64, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The firm's fifty day moving average price is C$4.69 and its two-hundred day moving average price is C$4.19.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.