AirBoss of America (TSE:BOS) Stock Price Crosses Below 200 Day Moving Average of $8.97

Shares of AirBoss of America Corp. (TSE:BOS – Get Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.97 and traded as low as C$8.00. AirBoss of America shares last traded at C$8.05, with a volume of 121,869 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on BOS. CIBC cut their price target on AirBoss of America from C$18.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. Pi Financial cut their price target on AirBoss of America from C$12.00 to C$11.00 in a research note on Thursday, November 10th. Finally, TD Securities cut their price target on AirBoss of America from C$14.50 to C$14.00 and set a “speculative buy” rating for the company in a research note on Wednesday, March 1st. Three investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$20.57.

AirBoss of America Trading Down 4.1 %

The firm has a fifty day simple moving average of C$9.07 and a two-hundred day simple moving average of C$8.97. The stock has a market cap of C$218.07 million, a PE ratio of -5.71, a PEG ratio of -550.53 and a beta of 1.86. The company has a current ratio of 2.24, a quick ratio of 1.07 and a debt-to-equity ratio of 71.63.

Insider Buying and Selling at AirBoss of America

In other news, Senior Officer Andrew Lowe acquired 8,400 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The shares were bought at an average cost of C$7.07 per share, with a total value of C$59,388.00. Following the acquisition, the insider now owns 8,400 shares in the company, valued at approximately C$59,388. Insiders own 35.31% of the company’s stock.

About AirBoss of America

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AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada, the United States, and internationally. It operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products.