Peter Grenville Schoch Acquires 20,000 Shares of AirBoss of America (TSE:BOS) Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of C$7.46 per share, with a total value of C$149,200.00. Following the completion of the acquisition, the director directly owned 80,000 shares of the company’s stock, valued at C$596,800. This represents a 33.33% increase in their ownership of the stock.

AirBoss of America Stock Performance

BOS stock opened at C$7.38 on Friday. 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 business has a 50-day moving average price of C$7.29 and a 200 day moving average price of C$5.61. The company has a market capitalization of C$200.36 million, a P/E ratio of -33.55, a PEG ratio of -550.53 and a beta of 0.84. AirBoss of America Corp. has a 1-year low of C$3.87 and a 1-year high of C$10.08.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Friday, March 20th. The company reported C$0.01 earnings per share for the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%.The firm had revenue of C$139.50 million during the quarter. As a group, equities research analysts forecast that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BOS. TD Securities boosted their price target on AirBoss of America from C$6.50 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. TD boosted their price target on AirBoss of America from C$8.00 to C$9.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, National Bank Financial boosted their price target on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, AirBoss of America presently has a consensus 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.