AirBoss of America (TSE:BOS) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of AirBoss of America Corp. (TSE:BOS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.48 and traded as low as C$6.34. AirBoss of America shares last traded at C$6.34, with a volume of 9,570 shares changing hands.

Analyst Upgrades and Downgrades

BOS has been the subject of a number of recent research reports. TD Securities lifted their price objective on AirBoss of America from C$6.50 to C$8.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. TD lifted their target price on shares of AirBoss of America from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AirBoss of America currently has a consensus rating of “Moderate Buy” and an average target price of C$8.33.

AirBoss of America Stock Performance

The company’s fifty day moving average price is C$7.07 and its two-hundred day moving average price is C$6.48. The company has a debt-to-equity ratio of 71.16, a quick ratio of 1.07 and a current ratio of 1.68. The firm has a market capitalization of C$172.24 million, a PE ratio of -28.82, a price-to-earnings-growth ratio of -550.53 and a beta of 0.59.

AirBoss of America (TSE:BOS) last released its earnings results on Wednesday, May 6th. The company reported C$0.11 earnings per share (EPS) for the quarter. AirBoss of America had a negative net margin of 1.53% and a negative return on equity of 5.18%. The firm had revenue of C$147.05 million during the quarter. As a group, equities analysts expect that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Insider Transactions at AirBoss of America

In other news, Director Peter Grenville Schoch purchased 10,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of C$6.76 per share, for a total transaction of C$67,600.00. Following the completion of the purchase, the director directly owned 4,943,077 shares of the company’s stock, valued at C$33,415,200.52. The trade was a 0.20% increase in their position. Insiders bought a total of 37,000 shares of company stock worth $266,850 over the last ninety days. 34.90% of the stock is currently owned by insiders.

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.