AirBoss of America (TSE:BOS) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

AirBoss of America Corp. (TSE:BOS) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.30 and traded as low as C$4.90. AirBoss of America shares last traded at C$4.93, with a volume of 2,800 shares.

Analyst Ratings Changes

BOS has been the subject of a number of analyst reports. CIBC reduced their price objective on shares of AirBoss of America from C$5.75 to C$4.00 in a report on Thursday, August 15th. TD Securities lifted their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, National Bankshares dropped their target price on AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a report on Tuesday, July 16th.

AirBoss of America Price Performance

The company’s 50 day simple moving average is C$4.80 and its two-hundred day simple moving average is C$5.30. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07. The stock has a market capitalization of C$133.75 million, a P/E ratio of -1.80, a PEG ratio of -550.53 and a beta of 2.05.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.08). The business had revenue of C$130.48 million for the quarter, compared to analyst estimates of C$142.42 million. AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. As a group, equities analysts expect that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

AirBoss of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.14 annualized dividend and a yield of 2.84%. AirBoss of America’s dividend payout ratio (DPR) is -5.11%.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.