Blackline Safety (TSE:BLN) Downgraded to “Sell” Rating by TD

TD cut shares of Blackline Safety (TSE:BLN) from a hold rating to a sell rating in a report published on Monday morning,BayStreet.CA reports. They currently have C$9.00 price target on the stock, up from their previous price target of C$8.00.

Other analysts have also issued research reports about the stock. Raymond James Financial lowered shares of Blackline Safety from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$10.00 to C$9.38 in a report on Friday. Ventum Financial lowered shares of Blackline Safety from a “buy” rating to a “tender” rating and upped their target price for the stock from C$8.25 to C$9.00 in a report on Thursday, April 9th. Finally, Royal Bank Of Canada set a C$9.00 target price on shares of Blackline Safety and gave the stock an “outperform” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$9.23.

Blackline Safety Stock Performance

TSE BLN opened at C$8.94 on Monday. The company’s 50 day moving average is C$6.92 and its 200-day moving average is C$6.90. Blackline Safety has a 12-month low of C$5.90 and a 12-month high of C$9.00. The company has a quick ratio of 3.09, a current ratio of 2.02 and a debt-to-equity ratio of 17.78. The firm has a market cap of C$777.99 million, a P/E ratio of -74.50 and a beta of 0.82.

Blackline Safety (TSE:BLN) last posted its quarterly earnings results 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 business had revenue of C$38.85 million during the quarter. Sell-side analysts predict that Blackline Safety will post -0.05 earnings per share for the current 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.