AirBoss of America (TSE:BOS) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.82 and traded as low as C$4.05. AirBoss of America shares last traded at C$4.06, with a volume of 9,906 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their target price on AirBoss of America from C$6.00 to C$6.50 and gave the stock a “buy” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$5.42.

AirBoss of America Price Performance

The stock has a market capitalization of C$110.22 million, a price-to-earnings ratio of -31.23, a P/E/G ratio of -550.53 and a beta of 1.88. The company’s 50-day simple moving average is C$4.70 and its 200-day simple moving average is C$4.82. The company has a debt-to-equity ratio of 95.38, a current ratio of 2.23 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS) last posted its earnings results on Wednesday, November 5th. The company reported C($0.11) EPS for the quarter. AirBoss of America had a negative net margin of 13.86% and a negative return on equity of 38.84%. Research analysts forecast that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.