AirBoss of America (TSE:BOS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

AirBoss of America Corp. (TSE:BOS)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.82 and traded as low as C$4.72. AirBoss of America shares last traded at C$4.77, with a volume of 9,082 shares changing hands.

Wall Street Analyst Weigh In

Separately, TD Securities lifted their target price on shares of AirBoss of America from C$6.00 to C$6.50 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$5.42.

AirBoss of America Price Performance

The firm has a market cap of C$129.50 million, a PE ratio of -36.69, 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. The firm has a 50-day simple moving average of C$4.48 and a 200 day simple moving average of C$4.82.

AirBoss of America (TSE:BOS) last issued its quarterly 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 return on equity of 38.84% and a negative net margin of 13.86%. As a group, equities analysts expect that AirBoss of America Corp. will post 0.1012935 EPS for the current 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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.