Robert Herdman Sells 6,000 Shares of Blackline Safety Corp. (TSE:BLN) Stock

Blackline Safety Corp. (TSE:BLN) Director Robert Herdman sold 6,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$6.69, for a total transaction of C$40,140.00.

Robert Herdman also recently made the following trade(s):

• On Wednesday, February 5th, Robert Herdman sold 12,000 shares of Blackline Safety stock. The shares were sold at an average price of C$7.25, for a total transaction of C$87,000.00.

Blackline Safety Stock Performance

Shares of BLN opened at C$6.86 on Wednesday. Blackline Safety Corp. has a 12-month low of C$3.95 and a 12-month high of C$7.61. The firm’s 50 day moving average is C$6.87 and its 200-day moving average is C$6.50. The stock has a market capitalization of C$578.45 million, a P/E ratio of -41.75 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09.

Analysts Set New Price Targets

A number of research firms have commented on BLN. Canaccord Genuity Group increased their price objective on shares of Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Thursday, March 13th. Ventum Financial increased their price objective on shares of Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a research note on Thursday, March 13th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$7.39.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.