AirBoss of America (TSE:BOS) Shares Cross Below 200 Day Moving Average – What’s Next?

AirBoss of America Corp. (TSE:BOS)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.83 and traded as low as C$4.65. AirBoss of America shares last traded at C$4.66, with a volume of 15,207 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted 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 two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$5.42.

AirBoss of America Stock Down 0.9%

The firm has a market capitalization of C$126.51 million, a PE ratio of -35.85, a PEG ratio of -550.53 and a beta of 1.87. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The business’s 50 day simple moving average is C$4.54 and its 200 day simple moving average is C$4.83.

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%. On average, equities research analysts forecast that AirBoss of America Corp. will post 0.1012935 earnings per share for the current 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.