Blackline Safety Corp. (CVE:BLN – Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.92 and traded as low as C$8.92. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on BLN shares. ATB Capital raised their price target on Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. National Bankshares set a C$6.00 price objective on shares of Blackline Safety and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, Canaccord Genuity Group boosted their price target on shares of Blackline Safety from C$5.25 to C$5.50 and gave the stock a “speculative buy” rating in a research report on Friday, June 14th.
Read Our Latest Stock Analysis on Blackline Safety
Blackline Safety Stock Performance
Blackline Safety (CVE:BLN – Get Free Report) last released its quarterly earnings results on Thursday, June 13th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.02). The company had revenue of C$31.58 million for the quarter, compared to analyst estimates of C$30.62 million. As a group, equities research analysts predict that Blackline Safety Corp. will post -0.05 earnings per share for the current fiscal year.
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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