Blackline Safety Corp. (TSE:BLN) Director Sells C$40,140.00 in Stock

Blackline Safety Corp. (TSE:BLN) Director Robert Herdman sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$6.69, for a total transaction of C$40,140.00.

Robert Herdman also recently made the following trade(s):

• On Wednesday, February 5th, Robert Herdman sold 12,000 shares of Blackline Safety stock. The stock was sold at an average price of C$7.25, for a total transaction of C$87,000.00.

Blackline Safety Price Performance

Shares of Blackline Safety stock opened at C$6.70 on Tuesday. Blackline Safety Corp. has a 1-year low of C$3.95 and a 1-year high of C$7.61. The company has a market capitalization of C$564.96 million, a PE ratio of -40.78 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The business has a 50-day moving average of C$6.87 and a 200-day moving average of C$6.51.

Wall Street Analyst Weigh In

BLN has been the topic of a number of recent research reports. Canaccord Genuity Group boosted their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, March 13th. Ventum Financial raised their target price on Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a report on Thursday, March 13th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$7.39.

About Blackline Safety

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.