AirBoss of America (TSE:BOS) Sets New 1-Year Low – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.67 and last traded at C$3.75, with a volume of 14227 shares traded. The stock had previously closed at C$3.75.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Securities increased their price target on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Finally, Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$6.19.

AirBoss of America Trading Down 0.8 %

The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07. The company’s 50 day moving average is C$4.20 and its two-hundred day moving average is C$4.82. The firm has a market cap of C$101.74 million, a P/E ratio of -1.37, a PEG ratio of -550.53 and a beta of 2.05.

Insider Transactions at AirBoss of America

In other news, Director Peter Grenville Schoch purchased 10,900 shares of AirBoss of America stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of C$3.80 per share, for a total transaction of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of C$4.27 per share, with a total value of C$42,739.00. In the last ninety days, insiders purchased 33,200 shares of company stock valued at $131,273. Corporate insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

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.