AirBoss of America (TSE:BOS) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.61 and traded as low as C$3.76. AirBoss of America shares last traded at C$3.82, with a volume of 13,377 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BOS shares. CIBC raised shares of AirBoss of America from an “underperform” rating to a “neutral” rating and upped their target price for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$6.19.

AirBoss of America Trading Down 0.8 %

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 firm has a market capitalization of C$103.64 million, a PE ratio of -1.39, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The business’s 50-day moving average price is C$3.98 and its 200-day moving average price is C$4.61.

Insider Transactions at AirBoss of America

In other news, Director Peter Grenville Schoch acquired 10,900 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of C$3.80 per share, for a total transaction of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of C$4.27 per share, for a total transaction of C$42,739.00. Over the last ninety days, insiders have acquired 36,400 shares of company stock worth $143,669. Insiders own 34.90% of the company’s stock.

About AirBoss of America

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.