AirBoss of America (TSE:BOS) Stock Price Breaks Below 200 Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$7.23 and traded as low as C$6.40. AirBoss of America shares last traded at C$6.40, with a volume of 11,145 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TD lifted their target price on AirBoss of America from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, August 7th. National Bank Financial boosted their target price on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, AirBoss of America has an average rating of “Moderate Buy” and an average price target of C$9.00.

AirBoss of America Stock Down 1.3%

The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07. The company’s 50-day simple moving average is C$7.30 and its 200 day simple moving average is C$7.22. The firm has a market cap of C$171.72 million, a P/E ratio of -27.48, a price-to-earnings-growth ratio of -550.53 and a beta of 0.66.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 EPS for the quarter. AirBoss of America had a negative net margin of 1.44% and a negative return on equity of 5.06%. The business had revenue of C$153.31 million during the quarter. Research analysts anticipate that AirBoss of America Corp. will post 0.10 EPS for the current fiscal year.

AirBoss of America Company Profile

AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber and polymer compounds and finished products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations.