AirBoss of America (TSE:BOS) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.26 and traded as low as C$3.75. AirBoss of America shares last traded at C$3.79, with a volume of 2,642 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on BOS shares. CIBC decreased their price target on AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. National Bankshares decreased their target price on shares of AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 11th. Cibc World Mkts upgraded shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities decreased their price objective on shares of AirBoss of America from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th.

AirBoss of America Stock Performance

The stock’s 50-day simple moving average is C$3.94 and its 200 day simple moving average is C$4.26. The company has a market capitalization of C$68.95 million, a PE ratio of -1.28, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23.

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.