Blackline Safety (TSE:BLN) Hits New 52-Week High – Here’s What Happened

Blackline Safety Corp. (TSE:BLN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.70 and last traded at C$6.64, with a volume of 47180 shares. The stock had previously closed at C$6.50.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James upped their target price on Blackline Safety from C$7.00 to C$8.00 in a research report on Thursday, September 19th. Ventum Cap Mkts raised shares of Blackline Safety to a “strong-buy” rating in a report on Wednesday, September 4th. National Bankshares raised their target price on shares of Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. Ventum Financial boosted their price target on Blackline Safety from C$6.50 to C$7.00 in a report on Thursday, September 12th. Finally, TD Securities raised their price target on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$7.00.

Blackline Safety Trading Up 2.2 %

The firm has a market capitalization of C$542.29 million, a price-to-earnings ratio of -28.26 and a beta of 1.54. The company has a debt-to-equity ratio of 36.48, a quick ratio of 3.09 and a current ratio of 2.07. The company has a 50 day moving average price of C$6.09 and a two-hundred day moving average price of C$7.82.

Blackline Safety Company Profile

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.