AirBoss of America (OTCMKTS:ABSSF) Share Price Crosses Above 200 Day Moving Average – Here’s Why

AirBoss of America Corp. (OTCMKTS:ABSSF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.81 and traded as high as $5.25. AirBoss of America shares last traded at $4.9280, with a volume of 1,800 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities reissued a “buy” rating on shares of AirBoss of America in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

AirBoss of America Price Performance

The business has a 50-day moving average of $4.92 and a 200 day moving average of $4.82.

AirBoss of America Company Profile

AirBoss of America Corp. is a manufacturer specializing in custom-engineered rubber and polymer products for industrial, commercial and defense applications. The company operates two primary business segments: Rubber Solutions, which supplies proprietary compounds for tire retreading, specialty hoses and molded rubber goods; and Chemical Solutions, which produces performance chemicals used in oilfield, mining, agricultural and infrastructure markets.

Within its Rubber Solutions segment, AirBoss develops bespoke rubber formulations for automotive aftermarkets, off-road mining equipment, and industrial machinery applications.