Peter Grenville Schoch Acquires 2,000 Shares of AirBoss of America (TSE:BOS) Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch bought 2,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average cost of C$6.90 per share, for a total transaction of C$13,800.00. Following the purchase, the director owned 87,000 shares in the company, valued at approximately C$600,300. This represents a 2.35% increase in their ownership of the stock.

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

• On Friday, June 12th, Peter Grenville Schoch bought 10,000 shares of AirBoss of America stock. The stock was acquired at an average price of C$6.76 per share, for a total transaction of C$67,600.00.
• On Wednesday, May 20th, Peter Grenville Schoch purchased 5,000 shares of AirBoss of America stock. The stock was bought at an average cost 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 shares were bought at an average price of C$7.46 per share, with a total value of C$149,200.00.

AirBoss of America Stock Down 4.1%

BOS traded down C$0.29 on Wednesday, reaching C$6.83. 17,352 shares of the company traded hands, compared to its average volume of 22,066. The stock’s 50 day moving average price is C$7.24 and its 200-day moving average price is C$6.16. AirBoss of America Corp. has a 52-week low of C$3.87 and a 52-week high of C$10.08. The company has a market cap of C$185.55 million, a price-to-earnings ratio of -31.05, a PEG ratio of -550.53 and a beta of 0.58. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07.

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

Analyst Upgrades and Downgrades

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