AirBoss of America (TSE:BOS) Reaches New 52-Week High – What’s Next?

AirBoss of America Corp. (TSE:BOS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$8.10 and last traded at C$8.07, with a volume of 11312 shares trading hands. The stock had previously closed at C$7.87.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. National Bank Financial increased their price objective on shares of AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Friday, March 6th. TD Securities boosted their target price on shares of AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$7.50.

AirBoss of America Stock Down 1.2%

The firm has a market capitalization of C$216.92 million, a PE ratio of -24.97, a price-to-earnings-growth ratio of -550.53 and a beta of 1.58. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 72.38. The firm has a 50-day moving average of C$5.87 and a two-hundred day moving average of C$5.11.

AirBoss of America (TSE:BOS) last posted its quarterly earnings results on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$139.50 million during the quarter. AirBoss of America had a negative return on equity of 7.11% and a negative net margin of 2.13%. On average, equities research analysts forecast that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

AirBoss of America Company Profile

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. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts.