Blackline Safety Corp. (TSE:BLN) Director Sells C$40,140.00 in Stock

Blackline Safety Corp. (TSE:BLN) Director Robert Herdman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$6.69, for a total value of C$40,140.00.

Robert Herdman also recently made the following trade(s):

• On Wednesday, February 5th, Robert Herdman sold 12,000 shares of Blackline Safety stock. The shares were sold at an average price of C$7.25, for a total value of C$87,000.00.

Blackline Safety Price Performance

Shares of BLN traded up C$0.02 during trading hours on Monday, reaching C$6.72. The stock had a trading volume of 9,327 shares, compared to its average volume of 81,320. Blackline Safety Corp. has a 12 month low of C$3.95 and a 12 month high of C$7.61. The stock has a market capitalization of C$566.64 million, a PE ratio of -40.90 and a beta of 1.54. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97. The company’s 50-day moving average is C$6.87 and its two-hundred day moving average is C$6.53.

Analysts Set New Price Targets

Several equities analysts have recently commented on BLN shares. Canaccord Genuity Group upped their target price on Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Thursday. Ventum Financial upped their target price on Blackline Safety from C$7.75 to C$8.25 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$7.39.

Blackline Safety Company Profile

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.