Insider Buying: Blackline Safety Corp. (CVE:BLN) Director Acquires 4,000 Shares of Stock

Blackline Safety Corp. (CVE:BLN – Get Rating) Director Cody Slater acquired 4,000 shares of the stock in a transaction on Thursday, May 12th. The stock was bought at an average cost of C$4.37 per share, with a total value of C$17,480.00. Following the completion of the transaction, the director now owns 1,457,890 shares in the company, valued at C$6,370,979.30.

Shares of CVE:BLN traded down C$0.03 during trading hours on Monday, hitting C$8.92. The company’s stock had a trading volume of 15,300 shares, compared to its average volume of 23,527. Blackline Safety Corp. has a 52 week low of C$4.60 and a 52 week high of C$9.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The company has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88. The firm’s fifty day moving average price is C$8.92 and its 200 day moving average price is C$8.92.

Blackline Safety (CVE:BLN – Get Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported C($0.21) EPS for the quarter, missing the consensus estimate of C($0.09) by C($0.12). The firm had revenue of C$15.67 million for the quarter, compared to analyst estimates of C$15.51 million. On average, equities research analysts predict that Blackline Safety Corp. will post -0.05 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on BLN shares. Canaccord Genuity Group lowered their price objective on shares of Blackline Safety from C$9.00 to C$8.50 in a research report on Thursday, March 17th. TD Securities lowered their price objective on shares of Blackline Safety from C$11.50 to C$10.50 and set a “speculative buy” rating for the company in a research report on Thursday, March 17th. Raymond James set a C$11.50 price target on shares of Blackline Safety and gave the company an “outperform” rating in a report on Tuesday, April 12th. Finally, National Bankshares reduced their price target on shares of Blackline Safety from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, March 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Blackline Safety currently has a consensus rating of “Buy” and a consensus target price of C$9.88.

About Blackline Safety (Get Rating)

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.

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