AirBoss of America (OTCMKTS:ABSSF) Share Price Passes Above 200 Day Moving Average – Here’s Why

AirBoss of America Corp. (OTCMKTS:ABSSF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.71 and traded as high as $5.22. AirBoss of America shares last traded at $5.22, with a volume of 520 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “buy” rating on shares of AirBoss of America in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, AirBoss of America presently has an average rating of “Moderate Buy”.

AirBoss of America Trading Up 14.3%

The stock’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $4.71.

About AirBoss of America

AirBoss of America Corp. is a manufacturer specializing in custom-engineered rubber and polymer products for industrial, commercial and defense applications. The company operates two primary business segments: Rubber Solutions, which supplies proprietary compounds for tire retreading, specialty hoses and molded rubber goods; and Chemical Solutions, which produces performance chemicals used in oilfield, mining, agricultural and infrastructure markets.

Within its Rubber Solutions segment, AirBoss develops bespoke rubber formulations for automotive aftermarkets, off-road mining equipment, and industrial machinery applications.