Blackline Safety (CVE:BLN) Earns Buy Rating from Echelon Wealth Partners

Blackline Safety (CVE:BLN)‘s stock had its “buy” rating reiterated by equities research analysts at Echelon Wealth Partners in a report released on Wednesday, Zacks.com reports.

Other equities analysts have also issued research reports about the stock. National Bankshares set a C$12.00 price target on shares of Blackline Safety and gave the company an “outperform” rating in a research report on Wednesday, March 31st. Raymond James increased their target price on shares of Blackline Safety from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Friday, March 26th. B. Riley reissued a “buy” rating on shares of Blackline Safety in a report on Tuesday, April 13th. Finally, National Bank Financial reissued an “outperfrom under weight” rating on shares of Blackline Safety in a report on Tuesday, March 30th. Six analysts have rated the stock with a buy rating, Blackline Safety has an average rating of “Buy” and a consensus price target of C$10.00.

BLN opened at C$8.60 on Wednesday. The firm has a market capitalization of C$467.40 million and a price-to-earnings ratio of -41.35. Blackline Safety has a fifty-two week low of C$4.42 and a fifty-two week high of C$8.75. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.72 and a quick ratio of 3.09. The company’s 50 day moving average price is C$8.24 and its two-hundred day moving average price is C$7.53.

Blackline Safety (CVE:BLN) last posted its quarterly earnings results on Thursday, March 25th. The company reported C($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.06). The company had revenue of C$10.68 million for the quarter. As a group, equities research analysts predict that Blackline Safety will post -0.02 EPS for the current year.

In other news, Director Michael Franklin Hayduk sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of C$8.20, for a total value of C$41,000.00. Following the transaction, the director now owns 45,000 shares in the company, valued at C$369,000. In the last 90 days, insiders bought 4,200 shares of company stock worth $35,049 and sold 7,800 shares worth $64,680.

About Blackline Safety

Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.

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Analyst Recommendations for Blackline Safety (CVE:BLN)

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