Blackline Safety (TSE:BLN) Stock Price Down 0.9% – Time to Sell?

Blackline Safety Corp. (TSE:BLN) shares traded down 0.9% during mid-day trading on Thursday . The stock traded as low as C$6.33 and last traded at C$6.34. 3,001 shares were traded during trading, a decline of 96% from the average session volume of 78,842 shares. The stock had previously closed at C$6.40.

Wall Street Analysts Forecast Growth

BLN has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday, March 13th. Ventum Financial upped their price target on Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$7.39.

Blackline Safety Price Performance

The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The stock’s fifty day simple moving average is C$6.72 and its 200-day simple moving average is C$6.56. The company has a market capitalization of C$542.19 million, a P/E ratio of -39.13 and a beta of 1.54.

Insider Buying and Selling at Blackline Safety

In other news, Director Robert Herdman sold 6,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$6.69, for a total transaction of C$40,140.00. Insiders have sold 22,200 shares of company stock valued at $155,392 in the last 90 days. 30.13% of the stock is currently owned by insiders.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.