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

Blackline Safety Corp. (TSE:BLN)’s share price passed 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 changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Ventum Financial boosted their target price on shares of Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. National Bankshares upped their price objective on shares of Blackline Safety from C$6.00 to C$6.50 in a research note on Thursday, September 12th. Raymond James raised their target price on shares of Blackline Safety from C$7.00 to C$8.00 in a research report on Thursday, September 19th. TD Securities increased their price objective on shares of Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. Finally, ATB Capital lifted their price objective on shares of Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Blackline Safety currently has a consensus rating of “Buy” and an average target price of C$7.00.

Blackline Safety Stock Down 0.6 %

The business’s fifty day moving average price is C$6.35 and its two-hundred day moving average price is C$7.37. 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 firm has a market capitalization of C$525.14 million, a P/E ratio of -27.96 and a beta of 1.54.

About Blackline Safety

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.