Blackline Safety Corp. (CVE:BLN – Get Rating) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BLN. Pi Financial reduced their price objective on Blackline Safety from C$7.50 to C$6.75 in a research report on Wednesday, August 31st. TD Securities set a C$6.00 price target on Blackline Safety and gave the stock a "speculative buy" rating in a research report on Wednesday, September 7th. Raymond James reduced their price target on Blackline Safety from C$9.00 to C$6.00 and set an "outperform" rating for the company in a research report on Thursday, September 1st. Finally, Canaccord Genuity Group reduced their price target on Blackline Safety from C$6.00 to C$5.00 in a research report on Thursday, September 15th.
Get Blackline Safety alerts:Blackline Safety Stock Down 0.3 %
The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The business has a 50 day moving average price of C$8.92 and a 200 day moving average price of C$8.92. The firm has a market capitalization of C$484.79 million and a P/E ratio of -42.88.
About Blackline Safety
(Get Rating)Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.
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