Blackline Safety (CVE:BLN) Shares Down 0.3% – Here’s Why

Blackline Safety Corp. (CVE:BLN) shares were down 0.3% during trading on Monday . The stock traded as low as C$8.92 and last traded at C$8.92. Approximately 15,300 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 23,527 shares. The stock had previously closed at C$8.95.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLN. TD Securities lowered shares of Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Raymond James Financial lowered Blackline Safety from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada downgraded Blackline Safety from a “moderate buy” rating to a “hold” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Blackline Safety has a consensus rating of “Reduce”.

Blackline Safety Stock Down 0.3%

The firm has a fifty day moving average price of C$8.92 and a 200 day moving average price of C$8.92.