AirBoss of America (TSE:BOS) Stock Passes Below Two Hundred 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 Friday . The stock has a two hundred day moving average of C$4.36 and traded as low as C$4.00. AirBoss of America shares last traded at C$4.20, with a volume of 23,250 shares changing hands.

Analyst Upgrades and Downgrades

BOS has been the subject of several analyst reports. Cibc World Mkts upgraded AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. 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 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.19.

AirBoss of America Price Performance

The firm has a market capitalization of C$76.40 million, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The business has a fifty day moving average of C$3.94 and a two-hundred day moving average of C$4.36. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23.

Insider Activity

In other AirBoss of America news, Director Peter Grenville Schoch acquired 10,900 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of C$4.27 per share, for a total transaction of C$42,739.00. In the last three months, insiders purchased 36,400 shares of company stock worth $143,669. 34.90% of the stock is currently 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.