AirBoss of America (TSE:BOS) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of AirBoss of America Corp. (TSE:BOS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.61 and traded as low as C$3.76. AirBoss of America shares last traded at C$3.82, with a volume of 13,377 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BOS shares. Cibc World Mkts upgraded shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC upgraded shares of AirBoss of America from an “underperform” rating to a “neutral” rating and lifted their price target for the company from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, AirBoss of America presently has a consensus rating of “Hold” and an average target price of C$6.19.

AirBoss of America Stock Down 0.8 %

The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The firm has a market capitalization of C$104.99 million, a PE ratio of -1.41, a PEG ratio of -550.53 and a beta of 2.05. The company has a fifty day moving average price of C$3.96 and a 200-day moving average price of C$4.60.

Insider Activity at AirBoss of America

In related news, Director Peter Grenville Schoch acquired 10,900 shares of AirBoss of America stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of C$4.27 per share, with a total value of C$42,739.00. Insiders have acquired a total of 36,400 shares of company stock valued at $143,669 over the last 90 days. 34.90% of the stock is owned by corporate insiders.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.