Blackline Safety (TSE:BLN) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Blackline Safety Corp. (TSE:BLN)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$6.45 and traded as high as C$6.92. Blackline Safety shares last traded at C$6.85, with a volume of 47,415 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Ventum Financial boosted their price objective on shares of Blackline Safety from C$6.50 to C$7.00 in a research report on Thursday, September 12th. National Bankshares boosted their price target on shares of Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday, September 12th. TD Securities raised their price objective on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. ATB Capital boosted their target price on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Finally, Raymond James raised their price target on Blackline Safety from C$7.00 to C$8.00 in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$7.00.

Blackline Safety Stock Up 0.6 %

The company has a quick ratio of 3.09, a current ratio of 2.07 and a debt-to-equity ratio of 36.48. The stock has a market capitalization of C$559.44 million, a PE ratio of -29.78 and a beta of 1.54. The firm’s fifty day moving average is C$6.45 and its 200-day moving average is C$7.22.

About Blackline Safety

Blackline Safety Corp. develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally. It offers G6 zero-maintenance single-gas cloud-connected gas monitors, G7c safety wearable for indoor and outdoor locations covered by 4G wireless, G7x safety wearable for remote locations, and G7 EXO area gas monitors; field-replaceable cartridges; G7 Bridge, a portable satellite base station; G7 Dock and G6 Dock; accessories used to calibrate G6, G7c, and G7x devices; and Loner Mobile, a safety monitoring application for smartphones.