AirBoss of America (TSE:BOS) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.23 and traded as low as C$6.60. AirBoss of America shares last traded at C$6.89, with a volume of 69,273 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. TD increased their price objective on shares of AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday, August 7th. National Bank Financial boosted their target price on shares of AirBoss of America from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note 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, AirBoss of America currently has an average rating of “Moderate Buy” and a consensus price target of C$9.00.

AirBoss of America Price Performance

The stock has a market capitalization of C$187.21 million, a price-to-earnings ratio of -29.96, a P/E/G ratio of -550.53 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.72 and a debt-to-equity ratio of 73.78. The stock has a fifty day moving average of C$7.35 and a 200-day moving average of C$7.23.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 earnings per share for the quarter. AirBoss of America had a negative net margin of 1.44% and a negative return on equity of 5.06%. The business had revenue of C$153.31 million during the quarter. On average, equities research analysts predict that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

About AirBoss of America

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.