AirBoss of America (TSE:BOS) Stock Crosses Below 200-Day Moving Average – Time to Sell?

AirBoss of America Corp. (TSE:BOS)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$4.36 and traded as low as C$4.00. AirBoss of America shares last traded at C$4.20, with a volume of 23,250 shares changing hands.

Wall Street Analyst Weigh In

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

AirBoss of America Stock Up 4.0 %

The stock has a market capitalization of C$76.40 million, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The firm has a 50 day simple moving average of C$3.94 and a 200-day simple moving average of C$4.35. The company has a debt-to-equity ratio of 95.38, a current ratio of 2.23 and a quick ratio of 1.07.

Insider Buying and Selling at AirBoss of America

In related news, Director Peter Grenville Schoch acquired 10,900 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of C$3.80 per share, for a total transaction of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of C$4.27 per share, for a total transaction of C$42,739.00. In the last quarter, insiders acquired 36,400 shares of company stock worth $143,669. 34.90% of the stock is currently owned by insiders.

About AirBoss of America

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.