Blackline Safety Corp. (CVE:BLN – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.92 and traded as high as C$9.04. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.
Analysts Set New Price Targets
A number of research firms have commented on BLN. TD Securities lifted their price objective on shares of Blackline Safety from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research note on Monday, March 18th. Canaccord Genuity Group lifted their price objective on shares of Blackline Safety from C$5.00 to C$5.25 in a research note on Friday, March 15th.
Get Our Latest Stock Report on Blackline Safety
Blackline Safety Trading Down 0.3 %
Blackline Safety (CVE:BLN – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.03). The firm had revenue of C$26.33 million for the quarter, compared to analyst estimates of C$26.98 million. Research analysts anticipate that Blackline Safety Corp. will post -0.05 EPS for the current year.
About Blackline Safety
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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