Blackline Safety (CVE:BLN) Stock Crosses Below 50-Day Moving Average of $8.92

Shares of Blackline Safety Corp. (CVE:BLN) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares.

Analyst Ratings Changes

BLN has been the topic of a number of recent research reports. National Bankshares set a C$6.00 price target on shares of Blackline Safety and gave the company a “buy” rating in a report on Thursday, June 13th. TD Securities raised their target price on Blackline Safety from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Monday, March 18th. ATB Capital upped their price target on Blackline Safety from C$5.50 to C$6.00 in a research note on Monday, June 17th. Finally, Canaccord Genuity Group increased their price objective on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a report on Friday, June 14th.

Blackline Safety Stock Down 0.3 %

The firm has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.09 and a current ratio of 3.72. The business’s 50 day moving average is C$8.92 and its 200-day moving average is C$8.92.

Blackline Safety (CVE:BLN) last released its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The business had revenue of C$31.58 million for the quarter, compared to the consensus estimate of C$30.62 million. Equities analysts anticipate that Blackline Safety Corp. will post -0.05 EPS for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.