AirBoss of America (TSE:BOS) Shares Cross Above 200-Day Moving Average of $5.37

AirBoss of America Corp. (TSE:BOS)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.37 and traded as high as C$5.54. AirBoss of America shares last traded at C$5.49, with a volume of 2,565 shares traded.

Analyst Upgrades and Downgrades

BOS has been the subject of a number of research reports. TD Securities boosted their target price on AirBoss of America from C$7.00 to C$8.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. National Bankshares decreased their price objective 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. Finally, CIBC dropped their price objective on shares of AirBoss of America from C$5.75 to C$4.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$5.75.

AirBoss of America Stock Performance

The company has a debt-to-equity ratio of 92.36, a quick ratio of 1.07 and a current ratio of 2.17. The stock has a fifty day simple moving average of C$4.76 and a two-hundred day simple moving average of C$5.37. The stock has a market cap of C$149.22 million, a PE ratio of -1.96, a PEG ratio of -550.53 and a beta of 2.03.

AirBoss of America (TSE:BOS) last announced its earnings results on Tuesday, August 13th. The company reported C($0.14) earnings per share for the quarter, missing the consensus estimate of C($0.06) by C($0.08). AirBoss of America had a negative net margin of 13.99% and a negative return on equity of 33.87%. The firm had revenue of C$130.48 million during the quarter, compared to analysts’ expectations of C$142.42 million. Equities analysts anticipate that AirBoss of America Corp. will post 0.1014931 EPS for the current fiscal year.

AirBoss of America Announces Dividend

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

AirBoss of America Company Profile

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.