Insider Buying: AirBoss of America (TSE:BOS) Director Acquires 5,000 Shares of Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch purchased 5,000 shares of AirBoss of America stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$7.25 per share, with a total value of C$36,250.00. Following the transaction, the director owned 85,000 shares in the company, valued at approximately C$616,250. The trade was a 6.25% increase in their ownership of the stock.

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

• On Thursday, May 14th, Peter Grenville Schoch purchased 20,000 shares of AirBoss of America stock. The shares were purchased at an average cost of C$7.46 per share, with a total value of C$149,200.00.

AirBoss of America Stock Up 0.6%

TSE:BOS traded up C$0.04 during trading hours on Thursday, reaching C$7.20. 15,570 shares of the stock were exchanged, compared to its average volume of 24,063. AirBoss of America Corp. has a twelve month low of C$3.87 and a twelve month high of C$10.08. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07. The firm has a 50 day moving average of C$7.33 and a 200 day moving average of C$5.66. The stock has a market cap of C$195.60 million, a PE ratio of -32.73, a PEG ratio of -550.53 and a beta of 0.84.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Friday, March 20th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$139.50 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, equities analysts expect that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BOS. National Bank Financial raised their price target on AirBoss of America from C$5.00 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. TD Securities raised their price target on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, TD raised their price target on AirBoss of America from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$8.00.

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.