AirBoss of America (OTCMKTS:ABSSF) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of AirBoss of America Corp. (OTCMKTS:ABSSF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.66 and traded as low as $4.66. AirBoss of America shares last traded at $4.72, with a volume of 200 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “buy” rating on shares of AirBoss of America in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

AirBoss of America Trading Down 2.1%

The business has a 50-day moving average of $5.13 and a two-hundred day moving average of $4.66.

AirBoss of America Company Profile

AirBoss of America Corp. is a manufacturer specializing in custom-engineered rubber and polymer products for industrial, commercial and defense applications. The company operates two primary business segments: Rubber Solutions, which supplies proprietary compounds for tire retreading, specialty hoses and molded rubber goods; and Chemical Solutions, which produces performance chemicals used in oilfield, mining, agricultural and infrastructure markets.

Within its Rubber Solutions segment, AirBoss develops bespoke rubber formulations for automotive aftermarkets, off-road mining equipment, and industrial machinery applications.