Blackline Safety (TSE:BLN) Sets New 52-Week High at $5.41

Blackline Safety Corp. (TSE:BLN)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$5.41 and last traded at C$5.01, with a volume of 152563 shares changing hands. The stock had previously closed at C$4.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price objective 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. National Bankshares lifted their price objective on Blackline Safety from C$6.00 to C$6.50 in a report on Thursday. Ventum Financial increased their target price on Blackline Safety from C$6.50 to C$7.00 in a research note on Thursday. Ventum Cap Mkts upgraded Blackline Safety to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, ATB Capital raised their target price on Blackline Safety from C$6.00 to C$7.50 in a report on Thursday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Blackline Safety has an average rating of “Buy” and an average price target of C$6.80.

Blackline Safety Trading Up 0.6 %

The business has a 50 day moving average of C$8.52 and a 200-day moving average of C$8.78. The stock has a market cap of C$288.59 million and a PE ratio of -25.48. The company has a current ratio of 3.72, a quick ratio of 3.09 and a debt-to-equity ratio of 2.72.

Blackline Safety (TSE:BLN) last posted its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.02). The company had revenue of C$31.58 million during the quarter, compared to analysts’ expectations of C$30.62 million. On average, analysts anticipate that Blackline Safety Corp. will post -0.05 EPS for the current year.

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.