Blackline Safety (TSE:BLN) Stock Passes Above 50-Day Moving Average – Time to Sell?

Blackline Safety Corp. (TSE:BLN) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$6.50 and traded as high as C$6.75. Blackline Safety shares last traded at C$6.74, with a volume of 19,132 shares trading hands.

Blackline Safety Price Performance

The company has a debt-to-equity ratio of 36.48, a current ratio of 2.07 and a quick ratio of 3.09. The company’s 50 day simple moving average is C$6.50 and its 200 day simple moving average is C$7.11. The company has a market capitalization of C$550.46 million, a PE ratio of -29.30 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.