AirBoss of America (TSE:BOS) Reaches New 1-Year Low – Here’s What Happened

Shares of AirBoss of America Corp. (TSE:BOS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.75 and last traded at C$3.80, with a volume of 20510 shares changing hands. The stock had previously closed at C$3.80.

Wall Street Analysts Forecast Growth

BOS has been the topic of a number of research analyst reports. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC upgraded AirBoss of America from an “underperform” rating to a “neutral” rating and upped their target price for the company from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. Finally, TD Securities lifted their price objective on shares of AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$6.19.

AirBoss of America Stock Performance

The company has a 50 day moving average price of C$4.30 and a 200 day moving average price of C$4.88. The company has a market capitalization of C$101.74 million, a price-to-earnings ratio of -1.37, a P/E/G ratio of -550.53 and a beta of 2.05. The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17.

Insider Activity

In related news, Senior Officer Franco Ientile bought 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of C$4.27 per share, for a total transaction of C$42,739.00. Also, Director Peter Grenville Schoch acquired 10,900 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of C$3.80 per share, for a total transaction of C$41,420.00. Insiders bought a total of 33,200 shares of company stock worth $131,273 over the last quarter. 34.90% of the stock is currently owned by corporate insiders.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.