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 Monday . The stock has a 200-day moving average of C$4.83 and traded as low as C$4.81. AirBoss of America shares last traded at C$4.88, with a volume of 1,837 shares changing hands.

Wall Street Analysts Forecast Growth

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

AirBoss of America Stock Performance

The company has a 50 day moving average of C$4.63 and a two-hundred day moving average of C$4.83. 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 company has a market capitalization of C$132.49 million, a PE ratio of -37.54, a PEG ratio of -550.53 and a beta of 1.20.

AirBoss of America (TSE:BOS) last announced 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%. As a group, equities research analysts predict 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.