AirBoss of America (TSE:BOS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

AirBoss of America Corp. (TSE:BOS) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$7.28 and traded as low as C$6.67. AirBoss of America shares last traded at C$6.80, with a volume of 4,576 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD raised their price target on AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, August 7th. National Bank Financial increased their target price on shares of AirBoss of America from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$9.00.

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07. The stock has a market capitalization of C$191.01 million, a PE ratio of -30.57, a P/E/G ratio of -550.53 and a beta of 0.66. The stock has a 50 day moving average of C$7.37 and a two-hundred day moving average of C$7.28.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 EPS for the quarter. AirBoss of America had a negative net margin of 1.44% and a negative return on equity of 5.06%. The firm had revenue of C$153.31 million for the quarter. Research analysts expect that AirBoss of America Corp. will post 0.10 EPS for the current fiscal year.

About AirBoss of America

AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber and polymer compounds and finished products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations.