Blackline Safety (TSE:BLN) Shares Down 0.8% – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s stock price fell 0.8% during trading on Thursday . The company traded as low as C$6.33 and last traded at C$6.35. 3,101 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 78,844 shares. The stock had previously closed at C$6.40.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLN. Ventum Financial increased their price target on Blackline Safety from C$7.75 to C$8.25 and gave the stock a “buy” rating in a report on Thursday, March 13th. Canaccord Genuity Group increased their target price on shares of Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$7.39.

Blackline Safety Trading Down 0.2 %

The company has a 50 day moving average of C$6.72 and a 200-day moving average of C$6.56. The stock has a market cap of C$538.82 million, a price-to-earnings ratio of -38.89 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97.

Insiders Place Their Bets

In other Blackline Safety news, Director Robert Herdman sold 6,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$6.69, for a total value of C$40,140.00. Insiders have sold 22,200 shares of company stock worth $155,392 over the last three months. Company insiders own 30.13% of the company’s stock.

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.