Blackline Safety (CVE:BLN) Upgraded by Ventum Cap Mkts to “Strong-Buy”

Ventum Cap Mkts upgraded shares of Blackline Safety (CVE:BLN) to a strong-buy rating in a report published on Wednesday, Zacks.com reports.

BLN has been the subject of a number of other reports. Ventum Financial set a C$6.50 price target on Blackline Safety and gave the company a buy rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on shares of Blackline Safety from C$5.25 to C$5.50 and gave the stock a speculative buy rating in a research report on Friday, June 14th. ATB Capital raised their price target on shares of Blackline Safety from C$5.50 to C$6.00 in a report on Monday, June 17th. Finally, National Bankshares set a C$6.00 price objective on Blackline Safety and gave the company a buy rating in a report on Thursday, June 13th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Blackline Safety currently has an average rating of Buy and a consensus target price of C$6.00.

Blackline Safety Price Performance

Shares of Blackline Safety stock opened at C$8.92 on Wednesday. The stock has a market capitalization of C$484.79 million and a P/E ratio of -42.88. The business has a 50 day simple moving average of C$8.92 and a two-hundred day simple moving average of C$8.92. Blackline Safety has a 12 month low of C$4.60 and a 12 month high of C$9.09. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09.

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 analysts’ consensus estimates of C($0.04) by C($0.02). The business had revenue of C$31.58 million during the quarter, compared to the consensus estimate of C$30.62 million. As a group, analysts predict that Blackline Safety will post -0.05 EPS for the current fiscal 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.