AirBoss of America (TSE:BOS) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of AirBoss of America Corp. (TSE:BOS) passed 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 traded.

Analyst Ratings Changes

BOS has been the subject of a number of recent analyst reports. CIBC raised shares of AirBoss of America from an “underperform” rating to a “neutral” rating and boosted their target price for the company from C$4.00 to C$5.00 in a research note on Wednesday, December 4th. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, AirBoss of America presently has an average rating of “Hold” and an average target price of C$6.19.

AirBoss of America Trading Down 0.8 %

The firm has a market capitalization of C$104.99 million, a P/E ratio of -1.41, a price-to-earnings-growth ratio of -550.53 and a beta of 2.05. The stock has a 50-day simple moving average of C$3.96 and a two-hundred day simple moving average of C$4.60. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36.

Insider Activity at AirBoss of America

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

About AirBoss of America

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.