Blackline Safety (TSE:BLN) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.45 and traded as high as C$6.92. Blackline Safety shares last traded at C$6.85, with a volume of 47,415 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on BLN shares. Ventum Financial raised their target price on shares of Blackline Safety from C$6.50 to C$7.00 in a research report on Thursday, September 12th. Raymond James raised their price objective on Blackline Safety from C$7.00 to C$8.00 in a report on Thursday, September 19th. National Bankshares increased their target price on Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday, September 12th. TD Securities lifted their price target on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Finally, ATB Capital increased their price objective on shares of Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$7.00.

Blackline Safety Stock Up 0.6 %

The company has a current ratio of 2.07, a quick ratio of 3.09 and a debt-to-equity ratio of 36.48. The firm has a market capitalization of C$559.44 million, a price-to-earnings ratio of -29.78 and a beta of 1.54. The firm has a 50 day moving average price of C$6.45 and a two-hundred day moving average price of C$7.22.

Blackline Safety Company Profile

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.