Blackline Safety (TSE:BLN) Shares Cross Above 50-Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.45 and traded as high as C$6.92. Blackline Safety shares last traded at C$6.85, with a volume of 47,415 shares.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price target on shares of Blackline Safety from C$7.00 to C$8.00 in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$7.00.

Blackline Safety Price Performance

The stock has a fifty day moving average of C$6.45 and a 200-day moving average of C$7.22. The company has a quick ratio of 3.09, a current ratio of 2.07 and a debt-to-equity ratio of 36.48. The firm has a market capitalization of C$558.62 million, a P/E ratio of -29.74 and a beta of 1.54.

About Blackline Safety

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.