Blackline Safety (CVE:BLN) Shares Pass Above Fifty Day Moving Average of $8.92

Blackline Safety Corp. (CVE:BLN – Get Rating)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$8.92 and traded as high as C$9.04. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.

Wall Street Analyst Weigh In

BLN has been the topic of a number of recent research reports. Pi Financial reiterated a “buy” rating on shares of Blackline Safety in a research note on Thursday, February 23rd. Raymond James cut their price target on shares of Blackline Safety from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Thursday, January 26th.

Blackline Safety Trading Down 0.3 %

The company has a quick ratio of 3.09, a current ratio of 3.72 and a debt-to-equity ratio of 2.72. The company has a fifty day moving average of C$8.92 and a two-hundred day moving average of C$8.92. The stock has a market capitalization of C$484.79 million and a price-to-earnings ratio of -42.88.

Blackline Safety (CVE:BLN – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The company reported C($0.11) earnings per share for the quarter, topping the consensus estimate of C($0.12) by C$0.01. The company had revenue of C$21.05 million for the quarter, compared to analyst estimates of C$20.69 million. On average, research analysts expect that Blackline Safety Corp. will post -0.05 EPS for the current year.

About Blackline Safety

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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.