Peter Grenville Schoch Buys 25,000 Shares of AirBoss of America Corp. (TSE:BOS) Stock

AirBoss of America Corp. (TSE:BOSGet Free Report) Director Peter Grenville Schoch bought 25,000 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of C$5.80 per share, with a total value of C$145,000.00.

AirBoss of America Stock Down 2.1 %

BOS opened at C$5.95 on Wednesday. The stock’s fifty day simple moving average is C$5.63 and its 200 day simple moving average is C$4.93. AirBoss of America Corp. has a 1-year low of C$3.65 and a 1-year high of C$7.82. The stock has a market cap of C$161.42 million, a PE ratio of -2.82, a price-to-earnings-growth ratio of -550.53 and a beta of 2.15. The company has a current ratio of 2.51, a quick ratio of 1.07 and a debt-to-equity ratio of 88.07.

AirBoss of America (TSE:BOSGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.23) by C$0.09. The company had revenue of C$126.21 million during the quarter, compared to analysts’ expectations of C$125.42 million. AirBoss of America had a negative net margin of 9.80% and a negative return on equity of 24.14%. As a group, research analysts expect that AirBoss of America Corp. will post 0.7503218 earnings per share for the current year.

AirBoss of America Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, June 28th. AirBoss of America’s payout ratio is -13.27%.

Analyst Upgrades and Downgrades

Several research firms have commented on BOS. TD Securities boosted their target price on AirBoss of America from C$7.00 to C$7.50 and gave the company a “buy” rating in a research note on Monday, May 6th. Cormark raised their target price on shares of AirBoss of America from C$5.25 to C$6.00 in a research report on Friday, May 10th. Pi Financial cut shares of AirBoss of America from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th. National Bankshares increased their price objective on shares of AirBoss of America from C$6.00 to C$6.25 in a research note on Tuesday, April 23rd. Finally, CIBC upped their target price on AirBoss of America from C$4.75 to C$5.75 in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$6.17.

View Our Latest Analysis on AirBoss of America

About AirBoss of America

(Get Free Report)

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.

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