AirBoss of America (TSE:BOS) Shares Pass Below 200 Day Moving Average of $6.68

Shares of AirBoss of America Corp. (TSE:BOS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.68 and traded as low as C$4.70. AirBoss of America shares last traded at C$4.75, with a volume of 15,214 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Pi Financial cut shares of AirBoss of America from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. CIBC lowered their price target on shares of AirBoss of America from C$7.00 to C$6.00 in a report on Friday, August 11th. National Bankshares lowered their price target on shares of AirBoss of America from C$11.00 to C$8.50 in a report on Thursday, August 10th. TD Securities lowered their price target on shares of AirBoss of America from C$8.50 to C$8.00 and set a “speculative buy” rating on the stock in a report on Friday, August 11th. Finally, Cormark increased their price target on shares of AirBoss of America from C$5.25 to C$5.50 in a report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$8.50.

AirBoss of America Price Performance

The company’s 50 day moving average price is C$5.47 and its 200-day moving average price is C$6.68. The stock has a market cap of C$128.87 million, a P/E ratio of -2.11, a P/E/G ratio of -550.53 and a beta of 1.84. The company has a quick ratio of 1.07, a current ratio of 2.44 and a debt-to-equity ratio of 66.67.

AirBoss of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend is Thursday, September 28th. AirBoss of America’s dividend payout ratio is presently -17.78%.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. The AirBoss Defense Group segment develops, manufactures, and sells healthcare protective equipment, personal respiratory protective products, rapid deployment negative pressure isolation shelters, and cold weather combat footwear, as well as chemical, biological, radioactive, and nuclear and explosive protective equipment for military, law enforcement, healthcare and industrial providers, and first responders.