AirBoss of America (TSE:BOS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$7.28 and traded as low as C$6.63. AirBoss of America shares last traded at C$6.71, with a volume of 5,703 shares traded.

Analyst Upgrades and Downgrades

BOS has been the topic of a number of research analyst reports. TD lifted their price target on AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, August 7th. National Bank Financial increased their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$9.00.

AirBoss of America Trading Up 5.4%

The business has a 50-day moving average of C$7.39 and a 200-day moving average of C$7.28. The company has a quick ratio of 1.07, a current ratio of 1.72 and a debt-to-equity ratio of 73.78. The stock has a market cap of C$185.31 million, a price-to-earnings ratio of -29.65, a PEG ratio of -550.53 and a beta of 0.66.

AirBoss of America (TSE:BOS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.13 EPS for the quarter. AirBoss of America had a negative return on equity of 5.06% and a negative net margin of 1.44%.The business had revenue of C$153.31 million during the quarter. As a group, research analysts forecast that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.