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

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

Wall Street Analyst Weigh In

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

Blackline Safety Price Performance

The stock’s fifty day moving average is C$8.92 and its 200-day moving average is C$8.92.