Blackline Safety (TSE:BLN) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Blackline Safety Corp. (TSE:BLN)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$6.39 and traded as high as C$6.85. Blackline Safety shares last traded at C$6.83, with a volume of 23,258 shares traded.

Analyst Upgrades and Downgrades

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

Blackline Safety Stock Performance

The firm has a 50 day simple moving average of C$6.39 and a 200-day simple moving average of C$7.29. The company has a market cap of C$562.71 million, a price-to-earnings ratio of -29.96 and a beta of 1.54. The company has a debt-to-equity ratio of 36.48, a current ratio of 2.07 and a quick ratio of 3.09.

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.