AirBoss of America (TSE:BOS) Shares Cross Below 200-Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.83 and traded as low as C$4.65. AirBoss of America shares last traded at C$4.66, with a volume of 15,207 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities raised their target price on shares of AirBoss of America from C$6.00 to C$6.50 and gave the company a “buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$5.42.

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. The stock has a market cap of C$126.51 million, a PE ratio of -35.85, a price-to-earnings-growth ratio of -550.53 and a beta of 1.87. The firm has a fifty day moving average price of C$4.54 and a 200 day moving average price of C$4.83.

AirBoss of America (TSE:BOS) last announced its earnings results on Wednesday, November 5th. The company reported C($0.11) earnings per share for the quarter. AirBoss of America had a negative return on equity of 38.84% and a negative net margin of 13.86%. Research analysts forecast that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

AirBoss of America Company Profile

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.