Blackline Safety (TSE:BLN) Sets New 52-Week High – Here’s What Happened

Blackline Safety Corp. (TSE:BLN) hit a new 52-week high on Wednesday . The company traded as high as C$8.97 and last traded at C$8.94, with a volume of 533793 shares trading hands. The stock had previously closed at C$8.91.

Analysts Set New Price Targets

BLN has been the subject of a number of research reports. Ventum Financial cut Blackline Safety from a “buy” rating to a “tender” rating and lifted their price objective for the company from C$8.25 to C$9.00 in a research note on Thursday, April 9th. Raymond James Financial cut Blackline Safety from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$10.00 to C$9.38 in a research note on Friday, April 10th. Finally, TD cut Blackline Safety from a “hold” rating to a “sell” rating and boosted their target price for the stock from C$8.00 to C$9.00 in a research note on Monday, April 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$9.23.

Blackline Safety Trading Up 0.1%

The company has a 50-day moving average price of C$7.37 and a 200-day moving average price of C$6.99. The firm has a market capitalization of C$777.12 million, a price-to-earnings ratio of -74.42 and a beta of 0.82. The company has a debt-to-equity ratio of 17.78, a quick ratio of 3.09 and a current ratio of 2.02.

Blackline Safety (TSE:BLN) last released its quarterly earnings data on Thursday, March 12th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$38.85 million for the quarter. Blackline Safety had a negative return on equity of 13.41% and a negative net margin of 6.83%. As a group, research analysts forecast that Blackline Safety Corp. will post -0.05 EPS for the current fiscal year.

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. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.