Insider Buying: AirBoss of America (TSE:BOS) Director Acquires C$13,800.00 in Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch bought 2,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of C$6.90 per share, for a total transaction of C$13,800.00. Following the completion of the transaction, the director owned 87,000 shares of the company’s stock, valued at approximately C$600,300. The trade was a 2.35% increase in their position.

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

• On Friday, June 12th, Peter Grenville Schoch bought 10,000 shares of AirBoss of America stock. The stock was acquired at an average cost of C$6.76 per share, for a total transaction of C$67,600.00.
• On Wednesday, May 20th, Peter Grenville Schoch purchased 5,000 shares of AirBoss of America stock. The stock was acquired at an average price of C$7.25 per share, with a total value of C$36,250.00.
• On Thursday, May 14th, Peter Grenville Schoch purchased 20,000 shares of AirBoss of America stock. The shares were acquired at an average price of C$7.46 per share, with a total value of C$149,200.00.

AirBoss of America Stock Down 2.0%

Shares of TSE:BOS opened at C$6.79 on Friday. AirBoss of America Corp. has a 1-year low of C$3.87 and a 1-year 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 stock has a market cap of C$184.46 million, a P/E ratio of -30.86, a P/E/G ratio of -550.53 and a beta of 0.58. The firm has a fifty day moving average price of C$7.20 and a 200 day moving average price of C$6.20.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.11 EPS for the quarter. AirBoss of America had a negative net margin of 1.53% and a negative return on equity of 5.18%. The company had revenue of C$147.05 million for the quarter. Sell-side analysts predict that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on BOS shares. TD Securities upped their price objective on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. TD lifted their target price on AirBoss of America from C$9.00 to C$10.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, National Bank Financial boosted their target price 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, AirBoss of America presently has an average rating of “Moderate Buy” and a consensus price target of C$8.33.

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.