Blackline Safety (CVE:BLN) Trading Down 0.3% – Here’s What Happened

Blackline Safety Corp. (CVE:BLN)’s share price fell 0.3% during trading on Friday . The company traded as low as C$8.92 and last traded at C$8.92. Approximately 15,300 shares changed hands during trading, a decline of 35% from the average daily volume of 23,527 shares. The stock had previously closed at C$8.95.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BLN shares. Raymond James Financial lowered shares of Blackline Safety from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 9th. TD Securities lowered Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada cut Blackline Safety from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blackline Safety presently has a consensus rating of “Reduce”.

Blackline Safety Stock Down 0.3%

The firm’s fifty day simple moving average is C$8.92 and its 200 day simple moving average is C$8.92.

Blackline Safety Corp. is a technology company in the Electronic Equipment & Instruments industry.