AirBoss of America (TSE:BOS) Share Price Passes Below 200 Day Moving Average – What’s Next?

AirBoss of America Corp. (TSE:BOS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.36 and traded as low as C$4.00. AirBoss of America shares last traded at C$4.20, with a volume of 23,250 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Cibc World Mkts upgraded AirBoss of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 4th. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$6.19.

AirBoss of America Stock Up 4.0 %

The firm has a 50 day simple moving average of C$3.94 and a 200-day simple moving average of C$4.35. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 95.38. The stock has a market cap of C$76.40 million, a P/E ratio of -1.42, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling at AirBoss of America

In other news, Director Peter Grenville Schoch acquired 10,900 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile purchased 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of C$4.27 per share, with a total value of C$42,739.00. Insiders have purchased a total of 36,400 shares of company stock worth $143,669 over the last ninety days. Insiders own 34.90% of the company’s stock.

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.