AirBoss of America (TSE:BOS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

AirBoss of America Corp. (TSE:BOS)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.47 and traded as low as C$4.00. AirBoss of America shares last traded at C$4.14, with a volume of 77,000 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 4th. CIBC raised AirBoss of America from an “underperform” rating to a “neutral” rating and raised their target price for the stock from C$4.00 to C$5.00 in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, AirBoss of America currently has a consensus rating of “Hold” and an average price target of C$6.19.

AirBoss of America Stock Up 4.5 %

The business has a 50 day simple moving average of C$3.92 and a 200 day simple moving average of C$4.47. The company has a market capitalization of C$112.32 million, a price-to-earnings ratio of -1.51, a PEG ratio of -550.53 and a beta of 2.05. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS) last posted its earnings results on Wednesday, November 6th. The company reported C($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.11). AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. During the same period last year, the business posted ($0.13) EPS. As a group, equities analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

Insider Buying and Selling

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

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.