Blackline Safety (OTCMKTS:BLKLF) Trading Up 1.5% – Here’s What Happened

Blackline Safety Corp. (OTCMKTS:BLKLF) was up 1.5% during trading on Monday . The company traded as high as $4.92 and last traded at $4.89. Approximately 4,500 shares were traded during trading, a decline of 69% from the average daily volume of 14,295 shares. The stock had previously closed at $4.82.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLKLF shares. TD Securities cut Blackline Safety from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Royal Bank Of Canada initiated coverage on shares of Blackline Safety in a report on Wednesday, December 17th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Blackline Safety Price Performance

The stock has a 50-day moving average of $4.99 and a 200-day moving average of $5.04.

Blackline Safety Company Profile

Blackline Safety Corp. is a global provider of cloud-connected safety monitoring solutions designed to protect workers operating in hazardous environments. Headquartered in Calgary, Alberta, the company offers a suite of wearable gas detection and lone worker monitoring devices that integrate with its proprietary SafetyCloud platform. These solutions enable real-time visibility into worker safety status, environmental conditions, and emergency alerts, helping organizations comply with regulatory requirements and respond swiftly to incidents.

The company’s flagship products include the G7 series of wearable monitors, which combine multi-gas detection, two-way cellular communication, GPS tracking, and automatic man-down alerts in a single device.