National Bankshares Issues Pessimistic Forecast for AirBoss of America (TSE:BOS) Stock Price

AirBoss of America (TSE:BOS) had its target price lowered by research analysts at National Bankshares from C$5.75 to C$5.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 35.14% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Cibc World Mkts upgraded AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th. CIBC reduced their price objective on AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating for the company in a research report on Tuesday.

AirBoss of America Price Performance

Shares of TSE BOS opened at C$3.70 on Tuesday. AirBoss of America has a twelve month low of C$3.65 and a twelve month high of C$6.31. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The company has a market capitalization of C$67.31 million, a price-to-earnings ratio of -1.25, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The business has a 50 day simple moving average of C$3.99 and a 200-day simple moving average of C$4.28.

Insiders Place Their Bets

In other AirBoss of America news, Director Peter Grenville Schoch purchased 10,900 shares of AirBoss of America stock in a transaction on Monday, December 16th. The stock was bought at an average price of C$3.80 per share, for a total transaction of C$41,420.00. In the last quarter, insiders acquired 20,000 shares of company stock worth $76,451. 34.90% of the stock is owned by company insiders.

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.