AirBoss of America (OTCMKTS:ABSSF) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of AirBoss of America Corp. (OTCMKTS:ABSSF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.07 and traded as high as $5.46. AirBoss of America shares last traded at $5.46, with a volume of 5,221 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities restated a “buy” rating on shares of AirBoss of America in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

AirBoss of America Stock Down 4.6%

The firm has a fifty day moving average of $5.30 and a two-hundred day moving average of $4.07.

AirBoss of America Company Profile

AirBoss of America Corp. is a manufacturer specializing in custom-engineered rubber and polymer products for industrial, commercial and defense applications. The company operates two primary business segments: Rubber Solutions, which supplies proprietary compounds for tire retreading, specialty hoses and molded rubber goods; and Chemical Solutions, which produces performance chemicals used in oilfield, mining, agricultural and infrastructure markets.

Within its Rubber Solutions segment, AirBoss develops bespoke rubber formulations for automotive aftermarkets, off-road mining equipment, and industrial machinery applications.