Insider Buying: AirBoss of America (TSE:BOS) Director Purchases C$36,250.00 in Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch bought 5,000 shares of AirBoss of America stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of C$7.25 per share, with a total value of C$36,250.00. Following the completion of the acquisition, the director directly owned 85,000 shares in the company, valued at C$616,250. This represents a 6.25% increase in their position.

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

• On Thursday, May 14th, Peter Grenville Schoch bought 20,000 shares of AirBoss of America stock. The stock was purchased at an average cost of C$7.46 per share, with a total value of C$149,200.00.

AirBoss of America Trading Down 0.6%

AirBoss of America stock opened at C$7.02 on Friday. The firm has a 50 day moving average of C$7.35 and a 200 day moving average of C$5.69. The firm has a market capitalization of C$190.71 million, a price-to-earnings ratio of -31.91, a P/E/G ratio of -550.53 and a beta of 0.84. AirBoss of America Corp. has a 12-month low of C$3.87 and a 12-month high of C$10.08. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 71.16.

AirBoss of America (TSE:BOS) last released its earnings results on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$139.50 million during the quarter. AirBoss of America had a negative net margin of 1.53% and a negative return on equity of 5.18%. As a group, research analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Analyst Upgrades and Downgrades

BOS has been the subject of a number of research analyst reports. TD Securities increased their price objective on shares of AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. TD increased their price objective on shares of AirBoss of America from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, National Bank Financial increased their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$8.00.

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.