AirBoss of America (TSE:BOS) Shares Pass Below 200-Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.82 and traded as low as C$4.45. AirBoss of America shares last traded at C$4.45, with a volume of 2,700 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their target price on AirBoss of America from C$6.00 to C$6.50 and gave the company a “buy” rating in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$5.42.

AirBoss of America Price Performance

The business’s 50-day simple moving average is C$4.42 and its 200 day simple moving average is C$4.82. The company has a market capitalization of C$120.81 million, a P/E ratio of -34.23, a P/E/G ratio of -550.53 and a beta of 1.77. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C($0.11) earnings per share (EPS) for the quarter. AirBoss of America had a negative net margin of 13.86% and a negative return on equity of 38.84%. As a group, sell-side analysts anticipate that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

About AirBoss of America

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.