Blackline Safety Corp. (CVE:BLN – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-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.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on BLN shares. National Bankshares set a C$6.00 target price on Blackline Safety and gave the company a “buy” rating in a research note on Thursday, June 13th. ATB Capital lifted their price objective on shares of Blackline Safety from C$5.50 to C$6.00 in a research report on Monday, June 17th. Finally, Canaccord Genuity Group increased their target price on shares of Blackline Safety from C$5.25 to C$5.50 and gave the company a “speculative buy” rating in a research report on Friday, June 14th.
Read Our Latest Analysis on Blackline Safety
Blackline Safety Stock Performance
Blackline Safety (CVE:BLN – Get Free Report) last announced its quarterly earnings data on Thursday, June 13th. The company reported C($0.06) earnings per share (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 for the quarter, compared to analysts’ expectations of C$30.62 million. On average, research analysts anticipate that Blackline Safety Corp. will post -0.05 earnings per share for the current fiscal year.
Blackline Safety Company Profile
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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