Blackline Safety Corp. (TSE:BLN) Director Robert Herdman Sells 6,000 Shares of Stock

Blackline Safety Corp. (TSE:BLN) Director Robert Herdman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$6.69, for a total transaction of C$40,140.00.

Robert Herdman also recently made the following trade(s):

• On Wednesday, February 5th, Robert Herdman sold 12,000 shares of Blackline Safety stock. The shares were sold at an average price of C$7.25, for a total value of C$87,000.00.

Blackline Safety Price Performance

Shares of BLN opened at C$6.70 on Tuesday. Blackline Safety Corp. has a fifty-two week low of C$3.95 and a fifty-two week high of C$7.61. The company’s fifty day moving average is C$6.87 and its two-hundred day moving average is C$6.51. The firm has a market cap of C$564.96 million, a PE ratio of -40.78 and a beta of 1.54. The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58.

Wall Street Analyst Weigh In

BLN has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on Blackline Safety from C$8.00 to C$8.50 and gave the company a “buy” rating in a research report on Thursday, March 13th. Ventum Financial raised their price target on shares of Blackline Safety from C$7.75 to C$8.25 and gave the stock a “buy” rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$7.39.

About Blackline Safety

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries.