Blackline Safety (TSE:BLN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Blackline Safety Corp. (TSE:BLN)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$6.35 and traded as high as C$6.48. Blackline Safety shares last traded at C$6.43, with a volume of 7,913 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BLN. Ventum Cap Mkts upgraded shares of Blackline Safety to a “strong-buy” rating in a research report on Wednesday, September 4th. Ventum Financial raised their target price on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday, September 12th. TD Securities upped their price target on Blackline Safety from C$6.00 to C$7.50 in a research note on Thursday, September 12th. National Bankshares raised their price objective on Blackline Safety from C$6.00 to C$6.50 in a research report on Thursday, September 12th. Finally, ATB Capital upped their target price on shares of Blackline Safety from C$6.00 to C$7.50 in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$7.00.

Blackline Safety Stock Performance

The company has a quick ratio of 3.09, a current ratio of 2.07 and a debt-to-equity ratio of 36.48. The firm has a market capitalization of C$525.14 million, a PE ratio of -27.96 and a beta of 1.54. The firm has a 50-day moving average price of C$6.35 and a 200 day moving average price of C$7.38.

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.