Insider Buying: Blackline Safety Corp. (CVE:BLN) Director Buys 5,900 Shares of Stock

Blackline Safety Corp. (CVE:BLNGet Rating) Director Cody Slater purchased 5,900 shares of Blackline Safety stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average price of C$4.31 per share, for a total transaction of C$25,429.00. Following the acquisition, the director now owns 1,463,790 shares in the company, valued at C$6,308,934.90.

Cody Slater also recently made the following trade(s):

  • On Thursday, May 12th, Cody Slater acquired 4,000 shares of Blackline Safety stock. The shares were purchased at an average cost of C$4.37 per share, for a total transaction of C$17,480.00.

Shares of Blackline Safety stock traded down C$0.03 during midday trading on Tuesday, hitting C$8.92. The company had a trading volume of 15,300 shares, compared to its average volume of 23,527. The company has a 50 day moving average of C$8.92 and a 200 day moving average of C$8.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.09 and a current ratio of 3.72. Blackline Safety Corp. has a 52-week low of C$4.60 and a 52-week high of C$9.09. The stock has a market capitalization of C$484.79 million and a P/E ratio of -42.88.

Blackline Safety (CVE:BLNGet Rating) last issued its 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 business had revenue of C$15.67 million during the quarter, compared to analyst estimates of C$15.51 million. Equities research analysts forecast that Blackline Safety Corp. will post -0.05 EPS for the current year.

Several analysts have weighed in on BLN shares. Raymond James set a C$11.50 price objective on Blackline Safety and gave the company an “outperform” rating in a research report on Tuesday, April 12th. National Bankshares cut their price target on Blackline Safety from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Thursday, March 17th. TD Securities cut their price target on Blackline Safety from C$11.50 to C$10.50 and set a “speculative buy” rating on the stock in a research note on Thursday, March 17th. Finally, Canaccord Genuity Group cut their price target on Blackline Safety from C$9.00 to C$8.50 in a research note on Thursday, March 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently 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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