Insider Buying: AirBoss of America (TSE:BOS) Director Purchases 10,000 Shares of Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of C$6.76 per share, with a total value of C$67,600.00. Following the purchase, the director directly owned 4,943,077 shares of the company’s stock, valued at C$33,415,200.52. This trade represents a 0.20% increase in their ownership of the stock.

Peter Grenville Schoch also recently made the following trade(s):

• On Wednesday, May 20th, Peter Grenville Schoch acquired 5,000 shares of AirBoss of America stock. The stock was bought at an average price of C$7.25 per share, with a total value of C$36,250.00.
• On Thursday, May 14th, Peter Grenville Schoch purchased 20,000 shares of AirBoss of America stock. The stock was purchased at an average cost of C$7.46 per share, for a total transaction of C$149,200.00.

AirBoss of America Stock Performance

BOS remained flat at C$6.96 during trading on Monday. The company’s stock had a trading volume of 9,255 shares, compared to its average volume of 22,778. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 71.16. The company has a market capitalization of C$189.08 million, a P/E ratio of -31.64, a price-to-earnings-growth ratio of -550.53 and a beta of 0.58. The firm’s 50 day simple moving average is C$7.43 and its 200 day simple moving average is C$6.02. AirBoss of America Corp. has a twelve month low of C$3.87 and a twelve month high of C$10.08.

AirBoss of America (TSE:BOS) last released its earnings results on Wednesday, May 6th. The company reported C$0.11 earnings per share for the quarter. The firm had revenue of C$147.05 million for the quarter. AirBoss of America had a negative net margin of 1.53% and a negative return on equity of 5.18%. On average, equities research analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BOS. National Bank Financial increased their price target on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. TD upped their price target on AirBoss of America from C$9.00 to C$10.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, TD Securities lifted their price objective on shares of AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$8.33.

AirBoss of America Company Profile

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.