Pi Financial set a C$9.00 price target on Blackline Safety (CVE:BLN) in a research report sent to investors on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on BLN. Raymond James set a C$8.75 price target on Blackline Safety and gave the company an outperform rating in a report on Friday, June 26th. Canaccord Genuity set a C$7.50 price target on Blackline Safety and gave the company a buy rating in a report on Tuesday, July 14th.

The firm has a fifty day simple moving average of C$5.43 and a two-hundred day simple moving average of C$5.74. The firm has a market capitalization of $222.74 million and a price-to-earnings ratio of -27.36. Blackline Safety has a 12 month low of C$3.53 and a 12 month high of C$7.40. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.98 and a current ratio of 2.60.

In other Blackline Safety news, Senior Officer Kevin Joseph Meyers sold 15,700 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$5.50, for a total transaction of C$86,350.00. Following the transaction, the insider now owns 60,230 shares in the company, valued at C$331,265. Also, Director Robert Herdman sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$5.50, for a total value of C$82,500.00. Following the transaction, the director now owns 46,305 shares in the company, valued at approximately C$254,677.50. In the last 90 days, insiders have acquired 4,900 shares of company stock worth $27,284.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets products and services for worker safety monitoring in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers G7c, a safety monitoring device for indoor and outdoor locations covered by 3G wireless; G7x, a safety monitoring device for remote locations that are not covered by 3G wireless; standard cartridge for lone worker monitoring, single-gas cartridge for gas detection scenarios requiring only a single sensor, and multi-gas diffusion and pump cartridges for gas detection scenarios requiring up to five sensors; G7 Bridge, a portable satellite base station for remote locations, communicates with G7x; and G7 Dock, an accessory product used to calibrate G7c and G7x devices periodically while also offering frequent testing to prove that gas sensors are fully functional.

Featured Story: What is the significance of the death cross?

Receive News & Ratings for Blackline Safety Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackline Safety and related companies with MarketBeat.com's FREE daily email newsletter.