AirBoss of America (TSE:BOS) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.82 and traded as low as C$4.48. AirBoss of America shares last traded at C$4.52, with a volume of 8,101 shares.

Analysts Set New Price Targets

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

AirBoss of America Trading Down 1.1%

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 business has a 50 day moving average price of C$4.51 and a 200-day moving average price of C$4.82. The firm has a market capitalization of C$122.71 million, a PE ratio of -34.77, a P/E/G ratio of -550.53 and a beta of 1.77.

AirBoss of America (TSE:BOS) last posted 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 net margin of 13.86% and a negative return on equity of 38.84%. Analysts expect that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

About AirBoss of America

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.