Blackline Safety (TSE:BLN) Cut to “Tender” at Ventum Financial

Ventum Financial cut shares of Blackline Safety (TSE:BLN) from a buy rating to a tender rating in a research note published on Thursday morning,BayStreet.CA reports. Ventum Financial currently has C$9.00 price objective on the stock, up from their previous price objective of C$8.25.

Separately, Royal Bank Of Canada set a C$9.00 price objective on Blackline Safety and gave the company an “outperform” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blackline Safety presently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.28.

Blackline Safety Stock Performance

Shares of BLN opened at C$8.92 on Thursday. The stock has a 50-day simple moving average of C$6.87 and a 200-day simple moving average of C$6.88. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02. The stock has a market capitalization of C$776.25 million, a PE ratio of -74.33 and a beta of 0.82. Blackline Safety has a 1 year low of C$5.90 and a 1 year high of C$9.00.

Blackline Safety (TSE:BLN) last issued its quarterly earnings data on Thursday, March 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. Blackline Safety had a negative net margin of 6.83% and a negative return on equity of 13.41%. The company had revenue of C$38.85 million during the quarter. On average, analysts predict that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.