Blackline Safety (TSE:BLN) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Blackline Safety Corp. (TSE:BLN) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.35 and traded as high as C$6.48. Blackline Safety shares last traded at C$6.43, with a volume of 7,913 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on BLN. TD Securities raised their target price on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. ATB Capital boosted their price objective on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. National Bankshares increased their target price on shares of Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. Ventum Cap Mkts raised shares of Blackline Safety to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, Ventum Financial increased their price objective on shares of Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blackline Safety presently has an average rating of “Buy” and an average price target of C$7.00.

Blackline Safety Stock Performance

The company has a market capitalization of C$525.14 million, a P/E ratio of -27.96 and a beta of 1.54. The company has a debt-to-equity ratio of 36.48, a quick ratio of 3.09 and a current ratio of 2.07. The business’s fifty day simple moving average is C$6.35 and its 200-day simple moving average is C$7.37.

Blackline Safety Company Profile

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.