AirBoss of America (TSE:BOS) Reaches New 1-Year Low – Here’s What Happened

AirBoss of America Corp. (TSE:BOS)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$3.75 and last traded at C$3.80, with a volume of 20510 shares trading hands. The stock had previously closed at C$3.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Securities lifted 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 report on Wednesday, September 11th. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$6.19.

AirBoss of America Price Performance

The stock has a market capitalization of C$101.74 million, a price-to-earnings ratio of -1.37, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36. The stock has a 50 day moving average price of C$4.30 and a 200 day moving average price of C$4.88.

Insider Buying and Selling

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

About AirBoss of America

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.