AirBoss of America (TSE:BOS) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.82 and traded as low as C$4.25. AirBoss of America shares last traded at C$4.35, with a volume of 2,100 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective on AirBoss of America from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$5.42.

AirBoss of America Price Performance

The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The stock has a 50-day moving average price of C$4.59 and a 200 day moving average price of C$4.82. The stock has a market capitalization of C$118.10 million, a price-to-earnings ratio of -33.46, a PEG ratio of -550.53 and a beta of 1.77.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C($0.11) earnings per share for the quarter. AirBoss of America had a negative return on equity of 38.84% and a negative net margin of 13.86%. As a group, equities research analysts expect that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

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.