Blackline Safety (TSE:BLN) Shares Cross Above 50-Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.45 and traded as high as C$6.92. Blackline Safety shares last traded at C$6.85, with a volume of 47,415 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James boosted their target price on Blackline Safety from C$7.00 to C$8.00 in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blackline Safety currently has an average rating of “Buy” and a consensus target price of C$7.00.

Blackline Safety Price Performance

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 company has a 50-day moving average of C$6.45 and a 200-day moving average of C$7.22. The firm has a market capitalization of C$558.62 million, a price-to-earnings ratio of -29.74 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.