Insider Selling: Blackline Safety Corp. (TSE:BLN) Senior Officer Sells 1,800 Shares of Stock

Blackline Safety Corp. (TSE:BLN) Senior Officer Meaghan Whitney sold 1,800 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of C$6.19, for a total value of C$11,142.00.

Blackline Safety Trading Down 1.6 %

TSE:BLN traded down C$0.10 on Monday, hitting C$6.14. 14,091 shares of the stock were exchanged, compared to its average volume of 42,334. The stock has a market cap of C$501.45 million, a PE ratio of -26.65 and a beta of 1.54. Blackline Safety Corp. has a fifty-two week low of C$3.22 and a fifty-two week high of C$6.40. The company has a current ratio of 2.07, a quick ratio of 3.09 and a debt-to-equity ratio of 36.48. The stock has a fifty day moving average of C$6.95 and a 200-day moving average of C$8.23.

Analysts Set New Price Targets

BLN has been the topic of a number of recent research reports. ATB Capital upped their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Ventum Cap Mkts upgraded shares of Blackline Safety to a “strong-buy” rating in a research report on Wednesday, September 4th. TD Securities boosted their price target on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Raymond James raised their price objective on Blackline Safety from C$7.00 to C$8.00 in a report on Thursday, September 19th. Finally, Ventum Financial upped their target price on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$7.00.

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.