Blackline Safety (TSE:BLN) Hits New 1-Year High at $5.40

Blackline Safety Corp. (TSE:BLN) reached a new 52-week high on Tuesday . The stock traded as high as C$5.40 and last traded at C$5.42, with a volume of 103740 shares traded. The stock had previously closed at C$5.47.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BLN shares. National Bankshares increased their target price on Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday, September 12th. Raymond James upped their price target on Blackline Safety from C$7.00 to C$8.00 in a research note on Thursday. ATB Capital upped their price target on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. Ventum Financial upped their price target on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. Finally, Canaccord Genuity Group upped their price target on Blackline Safety from C$5.25 to C$5.50 and gave the stock a “speculative buy” rating in a research note on Friday, June 14th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Blackline Safety currently has an average rating of “Buy” and a consensus price target of C$7.00.

Blackline Safety Trading Up 5.8 %

The firm has a market capitalization of C$474.50 million, a PE ratio of -24.83 and a beta of 1.51. The company has a debt-to-equity ratio of 95.54, a quick ratio of 3.09 and a current ratio of 1.49. The firm has a fifty day moving average of C$8.24 and a 200 day moving average of C$8.68.

About Blackline Safety

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.