Insider Buying: AirBoss of America (TSE:BOS) Director Buys 20,000 Shares of Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of C$7.46 per share, with a total value of C$149,200.00. Following the completion of the acquisition, the director owned 80,000 shares of the company’s stock, valued at C$596,800. This trade represents a 33.33% increase in their position.

AirBoss of America Stock Performance

TSE:BOS remained flat at C$7.30 during midday trading on Friday. The company had a trading volume of 43,188 shares, compared to its average volume of 24,377. The firm has a market cap of C$198.19 million, a price-to-earnings ratio of -33.18, a price-to-earnings-growth ratio of -550.53 and a beta of 0.84. The business’s 50-day simple moving average is C$7.26 and its two-hundred day simple moving average is C$5.59. AirBoss of America Corp. has a 52-week low of C$3.87 and a 52-week high of C$10.08. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07.

AirBoss of America (TSE:BOS) last released its earnings results on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$139.50 million during the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%. As a group, sell-side analysts expect that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BOS shares. National Bank Financial lifted their target price on AirBoss of America from C$5.00 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. TD Securities lifted their target price on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, TD lifted their target price on AirBoss of America from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$8.00.

AirBoss of America Company Profile

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.