AirBoss of America (TSE:BOS) Sets New 52-Week Low – Here’s Why

Shares of AirBoss of America Corp. (TSE:BOS) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.67 and last traded at C$3.75, with a volume of 14227 shares. The stock had previously closed at C$3.75.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BOS. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 4th. CIBC upgraded AirBoss of America from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$4.00 to C$5.00 in a research report on Wednesday, December 4th. Finally, TD Securities raised their price target on AirBoss of America from C$7.00 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$6.19.

AirBoss of America Stock Down 0.8 %

The firm’s 50-day simple moving average is C$4.20 and its 200 day simple moving average is C$4.82. 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 company has a market cap of C$101.74 million, a P/E ratio of -1.37, a PEG ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling at AirBoss of America

In other news, Senior Officer Franco Ientile acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of C$4.27 per share, for a total transaction of C$42,739.00. Also, Director Peter Grenville Schoch bought 10,900 shares of AirBoss of America stock in a transaction on Monday, December 16th. The shares were acquired at an average price of C$3.80 per share, for a total transaction of C$41,420.00. Over the last quarter, insiders have purchased 33,200 shares of company stock valued at $131,273. 34.90% of the stock is currently owned by company insiders.

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.