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

AirBoss of America Corp. (TSE:BOS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$6.58 and traded as high as C$7.25. AirBoss of America shares last traded at C$7.11, with a volume of 9,402 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD raised their price target on shares of AirBoss of America from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$8.33.

AirBoss of America Stock Up 0.6%

The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 71.16. The business has a 50-day moving average price of C$7.00 and a 200-day moving average price of C$6.60. The firm has a market cap of C$196.42 million, a P/E ratio of -32.86, a P/E/G ratio of -550.53 and a beta of 0.59.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.11 earnings per share for the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%.The firm had revenue of C$147.05 million during the quarter. On average, equities analysts forecast that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

Insider Activity at AirBoss of America

In other AirBoss of America news, Director Peter Grenville Schoch purchased 10,000 shares of AirBoss of America stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of C$6.76 per share, for a total transaction of C$67,600.00. Following the acquisition, the director owned 4,943,077 shares in the company, valued at C$33,415,200.52. This trade represents a 0.20% increase in their position. In the last three months, insiders have bought 37,000 shares of company stock valued at $266,850. Insiders own 34.90% of the company’s stock.

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.