AirBoss of America (TSE:BOS) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

Shares of AirBoss of America Corp. (TSE:BOS) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$7.39 and traded as high as C$7.39. AirBoss of America shares last traded at C$7.29, with a volume of 22,886 shares trading hands.

Wall Street Analyst Weigh In

BOS has been the subject of several research analyst reports. National Bank Financial increased their price objective on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. TD lifted their target price on AirBoss of America from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two 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.com, AirBoss of America has a consensus rating of “Moderate Buy” and a consensus price target of C$9.00.

AirBoss of America Price Performance

The company has a debt-to-equity ratio of 73.78, a current ratio of 1.72 and a quick ratio of 1.07. The stock has a market capitalization of C$195.36 million, a price-to-earnings ratio of -31.26, a PEG ratio of -550.53 and a beta of 0.80. The stock’s 50 day simple moving average is C$7.41 and its 200-day simple moving average is C$7.27.

AirBoss of America (TSE:BOS) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$153.31 million during the quarter. AirBoss of America had a negative net margin of 1.44% and a negative return on equity of 5.06%. On average, analysts expect that AirBoss of America Corp. will post 0.1012935 EPS for the current fiscal year.

About AirBoss of America

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.