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

Blackline Safety Corp. (CVE:BLN)’s share price crossed above its fifty day moving average during trading on Tuesday . 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 traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Securities increased their price objective on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Monday, March 18th. Canaccord Genuity Group increased their price objective on shares of Blackline Safety from C$5.00 to C$5.25 in a research report on Friday, March 15th.

Blackline Safety Stock Performance

The company’s 50-day simple moving average is C$8.92 and its 200 day simple moving average 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 stock has a market cap of C$484.79 million and a P/E ratio of -42.88.

Blackline Safety (CVE:BLN) last posted its earnings results on Thursday, March 14th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.03). The business had revenue of C$26.33 million for the quarter, compared to analysts’ expectations of C$26.98 million. As a group, sell-side analysts expect that Blackline Safety Corp. will post -0.05 EPS for the current fiscal 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.