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

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$4.41 and traded as low as C$3.88. AirBoss of America shares last traded at C$3.88, with a volume of 28,500 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on BOS shares. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Cibc World Mkts upgraded AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, AirBoss of America has a consensus rating of “Hold” and a consensus price target of C$6.19.

AirBoss of America Price Performance

The stock has a market capitalization of C$104.72 million, a price-to-earnings ratio of -1.41, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07. The company has a 50-day simple moving average of C$3.93 and a two-hundred day simple moving average of C$4.41.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C($0.16) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.11). AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. During the same quarter in the prior year, the company earned ($0.13) earnings per share. On average, equities research analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Franco Ientile bought 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of C$4.27 per share, with a total value of C$42,739.00. Also, Director Peter Grenville Schoch purchased 10,900 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of C$3.80 per share, for a total transaction of C$41,420.00. In the last quarter, insiders acquired 36,400 shares of company stock worth $143,669. 34.90% of the stock is owned by company insiders.

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.