Blackline Safety Corp. (TSE:BLN) Director Sells C$40,140.00 in Stock

Blackline Safety Corp. (TSE:BLN) Director Robert Herdman sold 6,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$6.69, for a total value of C$40,140.00.

Robert Herdman also recently made the following trade(s):

• On Wednesday, February 5th, Robert Herdman sold 12,000 shares of Blackline Safety stock. The stock was sold at an average price of C$7.25, for a total value of C$87,000.00.

Blackline Safety Trading Up 1.6 %

Shares of BLN stock opened at C$6.97 on Thursday. Blackline Safety Corp. has a 1 year low of C$3.95 and a 1 year high of C$7.61. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The stock’s 50 day simple moving average is C$6.87 and its two-hundred day simple moving average is C$6.50. The company has a market cap of C$587.72 million, a PE ratio of -42.42 and a beta of 1.54.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BLN shares. Canaccord Genuity Group boosted their target price on Blackline Safety from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Thursday, March 13th. Ventum Financial boosted their target price on Blackline Safety from C$7.75 to C$8.25 and gave the stock a “buy” rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$7.39.

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.