Blackline Safety (TSE:BLN) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$6.39 and traded as high as C$6.85. Blackline Safety shares last traded at C$6.83, with a volume of 23,258 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLN shares. National Bankshares boosted their price target on Blackline Safety from C$6.00 to C$6.50 in a report on Thursday, September 12th. Raymond James boosted their price objective on Blackline Safety from C$7.00 to C$8.00 in a research note on Thursday, September 19th. Ventum Financial raised their target price on shares of Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. ATB Capital upped their price target on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. Finally, Ventum Cap Mkts upgraded shares of Blackline Safety to a “strong-buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$7.00.

Blackline Safety Stock Up 5.1 %

The firm has a market capitalization of C$557.81 million, a P/E ratio of -29.70 and a beta of 1.54. The company has a current ratio of 2.07, a quick ratio of 3.09 and a debt-to-equity ratio of 36.48. The company has a 50 day simple moving average of C$6.39 and a two-hundred day simple moving average of C$7.29.

Blackline Safety Company Profile

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.