AirBoss of America (TSE:BOS) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$7.23 and traded as low as C$6.40. AirBoss of America shares last traded at C$6.40, with a volume of 11,145 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD boosted their target price on AirBoss of America from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, August 7th. National Bank Financial boosted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AirBoss of America has an average rating of “Moderate Buy” and a consensus target price of C$9.00.

AirBoss of America Trading Down 4.6%

The company has a market capitalization of C$173.89 million, a P/E ratio of -27.83, a PEG ratio of -550.53 and a beta of 0.66. The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07. The business’s 50-day moving average price is C$7.32 and its two-hundred day moving average price is C$7.23.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$153.31 million for the quarter. AirBoss of America had a negative net margin of 1.44% and a negative return on equity of 5.06%. As a group, analysts forecast that AirBoss of America Corp. will post 0.10 EPS for the current fiscal year.

AirBoss of America Company Profile

AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber and polymer compounds and finished products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations.