Peter Grenville Schoch Buys 2,000 Shares of AirBoss of America (TSE:BOS) Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch acquired 2,000 shares of AirBoss of America stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of C$6.90 per share, with a total value of C$13,800.00. Following the completion of the purchase, the director owned 87,000 shares in the company, valued at approximately C$600,300. This represents a 2.35% increase in their ownership of the stock.

Peter Grenville Schoch also recently made the following trade(s):

• On Friday, June 12th, Peter Grenville Schoch bought 10,000 shares of AirBoss of America stock. The stock was bought at an average price of C$6.76 per share, for a total transaction of C$67,600.00.
• On Wednesday, May 20th, Peter Grenville Schoch bought 5,000 shares of AirBoss of America stock. The shares were bought at an average cost of C$7.25 per share, for a total transaction of C$36,250.00.
• On Thursday, May 14th, Peter Grenville Schoch bought 20,000 shares of AirBoss of America stock. The shares were bought at an average cost of C$7.46 per share, for a total transaction of C$149,200.00.

AirBoss of America Trading Down 4.1%

Shares of TSE BOS traded down C$0.29 during mid-day trading on Wednesday, hitting C$6.83. 17,352 shares of the company traded hands, compared to its average volume of 22,066. AirBoss of America Corp. has a 1 year low of C$3.87 and a 1 year high of C$10.08. The stock has a market capitalization of C$185.55 million, a price-to-earnings ratio of -31.05, a PEG ratio of -550.53 and a beta of 0.58. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 71.16. The business has a 50 day moving average of C$7.24 and a two-hundred day moving average of C$6.16.

AirBoss of America (TSE:BOS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$147.05 million during the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%. On average, sell-side analysts anticipate that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BOS shares. TD Securities lifted their target price on shares of AirBoss of America from C$6.50 to C$8.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. TD upped their price target on shares of AirBoss of America from C$9.00 to C$10.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, National Bank Financial raised their price objective on shares of AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, AirBoss of America currently has an average rating of “Moderate Buy” and a consensus target price of C$8.33.

AirBoss of America Company Profile

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.