Blackline Safety (TSE:BLN) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Blackline Safety Corp. (TSE:BLN) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$7.15 and traded as low as C$6.99. Blackline Safety shares last traded at C$7.02, with a volume of 16,921 shares trading hands.

Wall Street Analyst Weigh In

BLN has been the topic of a number of recent research reports. ATB Capital raised their target price on Blackline Safety from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. TD Securities cut Blackline Safety from a “buy” rating to a “hold” rating and cut their target price for the company from C$8.50 to C$8.00 in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$8.94.

Blackline Safety Trading Up 0.7%

The business has a fifty day moving average of C$7.15 and a 200-day moving average of C$6.99. The stock has a market capitalization of C$610.12 million, a price-to-earnings ratio of -78.00 and a beta of 0.84. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09.

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.