AirBoss of America (TSE:BOS) Stock Passes Above 50 Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$5.20 and traded as high as C$5.23. AirBoss of America shares last traded at C$5.19, with a volume of 17,553 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered their price objective on shares of AirBoss of America from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AirBoss of America has a consensus rating of “Hold” and an average target price of C$5.25.

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 95.38, a current ratio of 2.23 and a quick ratio of 1.07. The stock has a 50-day moving average price of C$5.20 and a 200-day moving average price of C$4.60. The firm has a market capitalization of C$140.90 million, a PE ratio of -34.60, a price-to-earnings-growth ratio of -550.53 and a beta of 1.67.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.