Blackline Safety (TSE:BLN) Shares Cross Above 50 Day Moving Average – What’s Next?

Blackline Safety Corp. (TSE:BLN)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$6.83 and traded as high as C$7.11. Blackline Safety shares last traded at C$6.83, with a volume of 19,256 shares traded.

Blackline Safety Stock Performance

The stock’s 50 day simple moving average is C$6.83 and its two-hundred day simple moving average is C$6.78. The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58. The company has a market cap of C$575.92 million, a PE ratio of -41.57 and a beta of 1.54.

Insider Activity

In related news, Director Robert Herdman sold 12,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$7.25, for a total transaction of C$87,000.00. Insiders own 30.13% of the company’s stock.

Blackline Safety Company Profile

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.