Blackline Safety (CVE:BLN) Shares Pass Above 50 Day Moving Average of $8.92

Shares of Blackline Safety Corp. (CVE:BLN) passed above its 50-day moving average during trading on Thursday . The stock has a 50-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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLN. Canaccord Genuity Group boosted their target price on shares of Blackline Safety from C$5.00 to C$5.25 in a report on Friday, March 15th. TD Securities boosted their target price on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Monday, March 18th.

Blackline Safety Trading Down 0.3 %

The company has a market cap of C$484.79 million and a PE ratio of -42.88. The stock’s 50 day moving average is C$8.92 and its 200-day moving average is C$8.92. The company has a quick ratio of 3.09, a current ratio of 3.72 and a debt-to-equity ratio of 2.72.

Blackline Safety (CVE:BLN) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.03). The company had revenue of C$26.33 million for the quarter, compared to the consensus estimate of C$26.98 million. As a group, sell-side 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.