Blackline Safety (CVE:BLN) Shares Pass Below Fifty Day Moving Average of $8.92

Blackline Safety Corp. (CVE:BLN) shares passed below its fifty day moving average during trading on Tuesday . 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 trading hands.

Analysts Set New Price Targets

BLN has been the subject of several research reports. Canaccord Genuity Group increased their target price on Blackline Safety from C$5.25 to C$5.50 and gave the stock a “speculative buy” rating in a research report on Friday, June 14th. ATB Capital upped their price target on Blackline Safety from C$5.50 to C$6.00 in a research note on Monday, June 17th. Finally, National Bankshares set a C$6.00 price objective on Blackline Safety and gave the company a “buy” rating in a research note on Thursday, June 13th.

Blackline Safety Price Performance

The firm has a market capitalization of C$484.79 million and a P/E ratio of -42.88. The firm has a 50-day moving average of C$8.92 and a 200-day moving average of C$8.92. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.09 and a current ratio of 3.72.

Blackline Safety (CVE:BLN) last released its quarterly earnings data 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 company had revenue of C$31.58 million during the quarter, compared to the consensus estimate of C$30.62 million. As a group, analysts predict that Blackline Safety Corp. will post -0.05 EPS for the current 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.