Blackline Safety (TSE:BLN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Blackline Safety Corp. (TSE:BLN) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$6.35 and traded as high as C$6.48. Blackline Safety shares last traded at C$6.43, with a volume of 7,913 shares trading hands.

Analyst Ratings Changes

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

Blackline Safety Stock Down 0.6 %

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 business has a 50-day moving average price of C$6.35 and a 200-day moving average price of C$7.38. The stock has a market cap of C$525.14 million, a PE ratio of -27.96 and a beta of 1.54.

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.