Blackline Safety (OTCMKTS:BLKLF) Trading 1.9% Higher – What’s Next?

Shares of Blackline Safety Corp. (OTCMKTS:BLKLF) rose 1.9% during mid-day trading on Tuesday . The company traded as high as $4.61 and last traded at $4.61. Approximately 20,491 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 15,509 shares. The stock had previously closed at $4.5235.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada started coverage on Blackline Safety in a research report on Wednesday, December 17th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Blackline Safety Trading Up 1.9%

The company has a 50 day simple moving average of $4.91 and a 200-day simple moving average of $4.98.

Blackline Safety Company Profile

Blackline Safety Corp. is a global provider of cloud-connected safety monitoring solutions designed to protect workers operating in hazardous environments. Headquartered in Calgary, Alberta, the company offers a suite of wearable gas detection and lone worker monitoring devices that integrate with its proprietary SafetyCloud platform. These solutions enable real-time visibility into worker safety status, environmental conditions, and emergency alerts, helping organizations comply with regulatory requirements and respond swiftly to incidents.

The company’s flagship products include the G7 series of wearable monitors, which combine multi-gas detection, two-way cellular communication, GPS tracking, and automatic man-down alerts in a single device.