AirBoss of America (TSE:BOS) Reaches New 52-Week Low – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.64 and last traded at C$3.68, with a volume of 22308 shares. The stock had previously closed at C$3.70.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bankshares dropped their target price on AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, CIBC decreased their price target on AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating for the company in a report on Tuesday.

AirBoss of America Price Performance

The stock’s 50-day moving average is C$3.99 and its 200 day moving average is C$4.28. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. The stock has a market capitalization of C$66.58 million, a PE ratio of -1.24, a P/E/G ratio of -550.53 and a beta of 2.05.

Insiders Place Their Bets

In other AirBoss of America news, Director Peter Grenville Schoch bought 10,900 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of C$3.80 per share, for a total transaction of C$41,420.00. Over the last 90 days, insiders have bought 20,000 shares of company stock valued at $76,451. 34.90% of the stock is currently owned by insiders.

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.