Blackline Safety (TSE:BLN) Stock Passes Below 50-Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$6.53 and traded as low as C$6.10. Blackline Safety shares last traded at C$6.16, with a volume of 64,443 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada set a C$9.00 price objective on Blackline Safety and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Blackline Safety currently has a consensus rating of “Moderate Buy” and an average price target of C$8.95.

Blackline Safety Stock Down 0.5%

The firm has a market capitalization of C$535.96 million, a PE ratio of -61.60 and a beta of 0.92. The company has a debt-to-equity ratio of 23.58, a current ratio of 1.97 and a quick ratio of 3.09. The company has a 50-day moving average price of C$6.53 and a 200 day moving average price of C$6.80.

Blackline Safety (TSE:BLN) last released its earnings results on Thursday, January 15th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$39.26 million during the quarter. Blackline Safety had a negative return on equity of 29.94% and a negative net margin of 9.90%. Analysts forecast that Blackline Safety Corp. will post -0.05 earnings per share for the current year.

About Blackline Safety

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. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.