AirBoss of America (TSE:BOS) Share Price Passes Below Two Hundred Day Moving Average of $8.06

AirBoss of America Corp. (TSE:BOS – Get Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.06 and traded as low as C$7.25. AirBoss of America shares last traded at C$7.37, with a volume of 51,094 shares changing hands.

Analyst Ratings Changes

BOS has been the subject of a number of analyst reports. TD Securities lowered their target price on shares of AirBoss of America from C$14.00 to C$11.50 and set a “speculative buy” rating for the company in a report on Friday, March 24th. National Bankshares set a C$12.00 target price on shares of AirBoss of America and gave the stock an “outperform” rating in a report on Friday, April 14th. National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of AirBoss of America in a report on Thursday, April 13th. CIBC lowered their target price on shares of AirBoss of America from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Thursday, March 16th. Finally, Cormark lifted their target price on shares of AirBoss of America from C$9.25 to C$12.00 in a report on Tuesday, March 14th. Three analysts have rated the stock with a buy rating, According to data from MarketBeat, AirBoss of America presently has an average rating of “Buy” and an average price target of C$14.21.

AirBoss of America Trading Up 0.7 %

The company has a market capitalization of C$199.95 million, a P/E ratio of -3.80, a PEG ratio of -550.53 and a beta of 1.91. The business’s 50-day moving average price is C$7.37 and its two-hundred day moving average price is C$8.06. The company has a debt-to-equity ratio of 70.62, a current ratio of 2.44 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported C$0.61 EPS for the quarter, beating the consensus estimate of C($0.07) by C$0.68. The business had revenue of C$159.47 million for the quarter, compared to analysts’ expectations of C$141.41 million. AirBoss of America had a negative net margin of 8.90% and a negative return on equity of 18.22%. As a group, analysts forecast that AirBoss of America Corp. will post 0.6476274 EPS for the current fiscal year.

AirBoss of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.40 annualized dividend and a yield of 5.43%. AirBoss of America’s dividend payout ratio is currently -20.62%.

Insiders Place Their Bets

In other AirBoss of America news, Senior Officer Edward Kiell sold 15,714 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of C$5.46, for a total transaction of C$85,798.44. Insiders own 35.25% 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.