AirBoss of America (TSE:BOS) Share Price Passes Below 200 Day Moving Average – Time to Sell?

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

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

AirBoss of America Price Performance

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 company has a market cap of C$173.87 million, a price-to-earnings ratio of -29.09, a PEG ratio of -550.53 and a beta of 0.59. The business has a fifty day moving average price of C$7.04 and a 200 day moving average price of C$6.49.

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

Insider Activity

In related news, Director Peter Grenville Schoch acquired 10,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of C$6.76 per share, for a total transaction of C$67,600.00. Following the transaction, the director directly owned 4,943,077 shares in the company, valued at C$33,415,200.52. This trade represents a 0.20% increase in their ownership of the stock. Over the last 90 days, insiders have purchased 37,000 shares of company stock worth $266,850. Insiders own 34.90% of the company’s stock.

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.