AirBoss of America (TSE:BOS) Price Target Cut to C$4.75 by Analysts at CIBC

AirBoss of America (TSE:BOS) had its price target dropped by stock analysts at CIBC from C$5.00 to C$4.75 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 28.38% from the stock’s previous close.

Separately, Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th.

AirBoss of America Trading Down 3.1 %

Shares of AirBoss of America stock traded down C$0.12 during trading hours on Tuesday, reaching C$3.70. The stock had a trading volume of 44,730 shares, compared to its average volume of 27,154. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. AirBoss of America has a 1 year low of C$3.65 and a 1 year high of C$6.31. The firm has a market capitalization of C$67.31 million, a price-to-earnings ratio of -1.25, a P/E/G ratio of -550.53 and a beta of 2.05. The firm has a 50 day simple moving average of C$3.99 and a two-hundred day simple moving average of C$4.29.

Insider Activity at AirBoss of America

In other news, Director Peter Grenville Schoch purchased 10,900 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of C$3.80 per share, with a total value of C$41,420.00. Insiders purchased 20,000 shares of company stock worth $76,451 over the last three months. Company 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.