Blackline Safety (CVE:BLN) Share Price Crosses Below Fifty Day Moving Average of $8.92

Shares of Blackline Safety Corp. (CVE:BLN) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares.

Analysts Set New Price Targets

BLN has been the topic of a number of research reports. National Bankshares set a C$6.00 price target on Blackline Safety and gave the company a “buy” rating in a report on Thursday, June 13th. TD Securities boosted their price target on Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Monday, March 18th. ATB Capital upped their target price on Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Finally, Canaccord Genuity Group upped their target price on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a research report on Friday, June 14th.

Blackline Safety Trading Down 0.3 %

The firm’s 50-day simple moving average is C$8.92 and its 200 day simple moving average is C$8.92. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The firm has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88.

Blackline Safety (CVE:BLN) last announced its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The company had revenue of C$31.58 million during the quarter, compared to analyst estimates of C$30.62 million. Equities analysts expect that Blackline Safety Corp. will post -0.05 earnings per share for the current year.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.