Blackline Safety (CVE:BLN) Shares Pass Above 50 Day Moving Average of $8.92

Blackline Safety Corp. (CVE:BLN) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$8.92 and traded as high as C$9.04. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares.

Analyst Upgrades and Downgrades

BLN has been the subject of a number of research analyst reports. TD Securities upped their target price on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Monday, March 18th. Canaccord Genuity Group upped their target price on shares of Blackline Safety from C$5.00 to C$5.25 in a research note on Friday, March 15th.

Blackline Safety Stock Performance

The stock’s 50 day moving average price is C$8.92 and its 200 day moving average price is C$8.92. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The company has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88.

Blackline Safety (CVE:BLN) last posted its quarterly earnings data on Thursday, March 14th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.03). The firm had revenue of C$26.33 million for the quarter, compared to the consensus estimate of C$26.98 million. Analysts expect that Blackline Safety Corp. will post -0.05 earnings per share for the current year.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.