AirBoss of America (TSE:BOS) Reaches New 52-Week Low – Here’s Why

AirBoss of America Corp. (TSE:BOS) shares reached a new 52-week low during trading on Monday . The company traded as low as C$3.67 and last traded at C$3.75, with a volume of 14227 shares traded. The stock had previously closed at C$3.75.

Analysts Set New Price Targets

BOS has been the subject of several recent research reports. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and upped their target price for the company from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. TD Securities increased their target price on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Cibc World Mkts upgraded AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$6.19.

AirBoss of America Trading Down 0.5 %

The business has a 50 day simple moving average of C$4.25 and a 200-day simple moving average of C$4.84. The stock has a market capitalization of C$101.19 million, a price-to-earnings ratio of -1.36, a PEG ratio of -550.53 and a beta of 2.05. The company has a debt-to-equity ratio of 92.36, a current ratio of 2.17 and a quick ratio of 1.07.

Insider Transactions at AirBoss of America

In other news, Senior Officer Franco Ientile acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of C$4.27 per share, for a total transaction of C$42,739.00. Also, Director Peter Grenville Schoch bought 10,900 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$3.80 per share, for a total transaction of C$41,420.00. Insiders purchased 33,200 shares of company stock valued at $131,273 over the last quarter. Corporate insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.