AirBoss of America (TSE:BOS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

AirBoss of America Corp. (TSE:BOS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.38 and traded as low as C$4.93. AirBoss of America shares last traded at C$5.09, with a volume of 10,439 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BOS shares. National Bankshares reduced their target price on shares of AirBoss of America from C$6.25 to C$5.75 and set a “sector perform” rating for the company in a research note on Tuesday, July 16th. TD Securities upped their target price on shares of AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, CIBC reduced their target price on shares of AirBoss of America from C$5.75 to C$4.00 in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$5.75.

AirBoss of America Stock Performance

The stock’s 50 day moving average price is C$4.73 and its 200 day moving average price is C$5.38. The company has a current ratio of 2.17, a quick ratio of 1.07 and a debt-to-equity ratio of 92.36. The company has a market capitalization of C$138.09 million, a price-to-earnings ratio of -1.84, a P/E/G ratio of -550.53 and a beta of 2.03.

AirBoss of America (TSE:BOS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.08). AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. The business had revenue of C$130.48 million for the quarter, compared to analyst estimates of C$142.42 million. Analysts expect that AirBoss of America Corp. will post 0.1026827 earnings per share for the current year.

AirBoss of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.035 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.75%. AirBoss of America’s payout ratio is -5.07%.

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.