AirBoss of America (TSE:BOS) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

AirBoss of America Corp. (TSE:BOS)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$4.30 and traded as low as C$3.70. AirBoss of America shares last traded at C$3.76, with a volume of 19,074 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. CIBC raised AirBoss of America from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Cibc World Mkts raised AirBoss of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 4th.

AirBoss of America Stock Performance

The stock’s 50-day moving average price is C$3.97 and its 200-day moving average price is C$4.30. The company has a debt-to-equity ratio of 95.38, a quick ratio of 1.07 and a current ratio of 2.23. The company has a market capitalization of C$68.40 million, a price-to-earnings ratio of -1.27, a P/E/G ratio of -550.53 and a beta of 2.05.

Insider Buying and Selling

In related news, Director Peter Grenville Schoch acquired 10,900 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile acquired 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of C$4.27 per share, with a total value of C$42,739.00. Insiders purchased 30,000 shares of company stock worth $119,190 in the last ninety days. Insiders own 34.90% of the company’s stock.

About AirBoss of America

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments: Rubber Solutions, Engineered Products, and AirBoss Defense Group. The Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals.