AirBoss of America (TSE:BOS) Sets New 52-Week High After Analyst Upgrade

AirBoss of America Corp. (TSE:BOS)’s share price reached a new 52-week high during trading on Wednesday after TD Securities raised their price target on the stock from C$6.50 to C$8.00. TD Securities currently has a buy rating on the stock. AirBoss of America traded as high as C$7.00 and last traded at C$6.83, with a volume of 43708 shares. The stock had previously closed at C$6.63.

Separately, National Bank Financial lifted their price target on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$7.50.

AirBoss of America Price Performance

The firm has a 50-day simple moving average of C$5.57 and a 200-day simple moving average of C$5.02. The firm has a market capitalization of C$187.06 million, a PE ratio of -21.53, a PEG ratio of -550.53 and a beta of 1.58. The company has a debt-to-equity ratio of 72.38, a current ratio of 1.64 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Friday, March 20th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$139.50 million during the quarter. AirBoss of America had a negative net margin of 2.09% and a negative return on equity of 7.11%. As a group, equities 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.