Blackline Safety (TSE:BLN) Stock Price Up 25.6% – Should You Buy?

Shares of Blackline Safety Corp. (TSE:BLN) rose 25.6% on Wednesday . The company traded as high as C$9.00 and last traded at C$8.93. Approximately 48,100 shares were traded during trading, a decline of 29% from the average daily volume of 67,453 shares. The stock had previously closed at C$7.11.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada set a C$9.00 target price on Blackline Safety and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$9.33.

Blackline Safety Trading Up 25.5%

The company has a market cap of C$776.25 million, a P/E ratio of -74.33 and a beta of 0.82. The company has a quick ratio of 3.09, a current ratio of 2.02 and a debt-to-equity ratio of 17.78. The business has a 50-day moving average price of C$6.71 and a two-hundred day moving average price of C$6.85.

Blackline Safety (TSE:BLN) last released its earnings results on Thursday, March 12th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$38.85 million for the quarter. Blackline Safety had a negative return on equity of 13.41% and a negative net margin of 6.83%. On average, analysts predict that Blackline Safety Corp. will post -0.05 EPS for the current year.

About Blackline Safety

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.