Blackline Safety (TSE:BLN) Hits New 1-Year High at $5.40

Blackline Safety Corp. (TSE:BLN)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$5.40 and last traded at C$5.42, with a volume of 103740 shares changing hands. The stock had previously closed at C$5.47.

Wall Street Analyst Weigh In

BLN has been the topic of several research reports. Canaccord Genuity Group upped their target price on Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a report on Friday, June 14th. Raymond James upped their target price on Blackline Safety from C$7.00 to C$8.00 in a report on Thursday. ATB Capital upped their target price on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday, September 12th. Ventum Financial upped their target price on Blackline Safety from C$6.50 to C$7.00 in a report on Thursday, September 12th. Finally, TD Securities upped their price objective on Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$7.00.

Blackline Safety Price Performance

The company has a 50-day moving average of C$8.24 and a two-hundred day moving average of C$8.68. The stock has a market capitalization of C$474.50 million, a PE ratio of -24.83 and a beta of 1.51. The company has a debt-to-equity ratio of 95.54, a current ratio of 1.49 and a quick ratio of 3.09.

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.