Blackline Safety (CVE:BLN) Stock Crosses Below 50 Day Moving Average of $8.92

Blackline Safety Corp. (CVE:BLNGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on Blackline Safety from C$4.00 to C$5.00 and gave the stock a “speculative buy” rating in a research note on Friday, January 19th.

View Our Latest Report on Blackline Safety

Blackline Safety Trading Down 0.3 %

The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The business has a 50 day moving average of C$8.92 and a 200-day moving average of C$8.92. The stock has a market cap of C$484.79 million and a PE ratio of -42.88.

Blackline Safety (CVE:BLNGet Free Report) last posted its earnings results on Thursday, January 18th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The company had revenue of C$30.04 million during the quarter, compared to analysts’ expectations of C$29.96 million. On average, analysts anticipate that Blackline Safety Corp. will post -0.05 EPS for the current year.

About Blackline Safety

(Get Free Report)

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.

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