AirBoss of America (TSE:BOS) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of AirBoss of America (TSE:BOS) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

BOS has been the topic of several other reports. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$4.00 to C$5.00 in a research note on Wednesday. TD Securities increased 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, AirBoss of America presently has an average rating of “Hold” and a consensus target price of C$6.19.

AirBoss of America Trading Down 3.3 %

BOS opened at C$4.11 on Wednesday. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. AirBoss of America has a one year low of C$3.68 and a one year high of C$6.31. The company has a market cap of C$111.50 million, a P/E ratio of -1.50, a PEG ratio of -550.53 and a beta of 2.05. The business’s 50-day simple moving average is C$4.47 and its 200-day simple moving average is C$4.97.

Insider Activity at AirBoss of America

In other AirBoss of America news, Senior Officer Franco Ientile acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of C$4.27 per share, with a total value of C$42,739.00. Company insiders own 34.90% of the company’s stock.

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.