AirBoss of America (TSE:BOS) Shares Cross Above 50 Day Moving Average – What’s Next?

AirBoss of America Corp. (TSE:BOS) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$4.38 and traded as high as C$4.98. AirBoss of America shares last traded at C$4.76, with a volume of 26,725 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities upped their price objective 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 two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$5.42.

AirBoss of America Stock Up 1.3%

The firm has a 50-day simple moving average of C$4.38 and a 200 day simple moving average of C$4.82. The company has a market capitalization of C$129.23 million, a PE ratio of -36.62, a price-to-earnings-growth ratio of -550.53 and a beta of 1.87. 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) earnings per share (EPS) for the quarter. AirBoss of America had a negative net margin of 13.86% and a negative return on equity of 38.84%. On average, research analysts predict that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

About AirBoss of America

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.