AirBoss of America (TSE:BOS) Sets New 12-Month Low – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$3.49 and last traded at C$3.50, with a volume of 3520 shares changing hands. The stock had previously closed at C$3.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. CIBC decreased their target price on shares of AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. National Bankshares cut their price target on AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 11th. Finally, TD Securities lowered their price objective on AirBoss of America from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th.

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 95.38, a current ratio of 2.23 and a quick ratio of 1.07. The company’s fifty day moving average price is C$3.85 and its 200 day moving average price is C$4.12. The company has a market cap of C$66.40 million, a PE ratio of -1.24, a P/E/G ratio of -550.53 and a beta of 2.05.

About AirBoss of America

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.