Blackline Safety (CVE:BLN) Stock Crosses Below 50-Day Moving Average of $8.92

Shares of Blackline Safety Corp. (CVE:BLN) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BLN shares. ATB Capital raised their target price on Blackline Safety from C$5.50 to C$6.00 in a research note on Monday, June 17th. Canaccord Genuity Group raised their target price on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a research report on Friday, June 14th. National Bankshares set a C$6.00 price objective on Blackline Safety and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, TD Securities lifted their price objective on Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Monday, March 18th.

Blackline Safety Trading Down 0.3 %

The firm has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72. The company has a fifty day moving average price of C$8.92 and a two-hundred day moving average price of C$8.92.

Blackline Safety (CVE:BLN) last released its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The firm had revenue of C$31.58 million for the quarter, compared to analysts’ expectations of C$30.62 million. As a group, research analysts forecast that Blackline Safety Corp. will post -0.05 earnings per share for the current fiscal year.

Blackline Safety Company Profile

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.