Blackline Safety (TSE:BLN) Reaches New 1-Year Low – Here’s What Happened

Blackline Safety Corp. (TSE:BLN) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$5.90 and last traded at C$5.90, with a volume of 81402 shares changing hands. The stock had previously closed at C$6.17.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada set a C$9.00 price objective on Blackline Safety and gave the stock an “outperform” rating in a report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blackline Safety has an average rating of “Moderate Buy” and an average price target of C$8.95.

Blackline Safety Price Performance

The firm has a market capitalization of C$517.69 million, a PE ratio of -59.50 and a beta of 0.92. The stock’s 50 day simple moving average is C$6.60 and its two-hundred day simple moving average is C$6.80. The company has a debt-to-equity ratio of 23.58, a quick ratio of 3.09 and a current ratio of 1.97.

Blackline Safety (TSE:BLN) last released its quarterly earnings data on Thursday, January 15th. The company reported C$0.02 earnings per share for the quarter. Blackline Safety had a negative return on equity of 29.94% and a negative net margin of 9.90%.The company had revenue of C$39.26 million for the quarter. On average, sell-side analysts forecast that Blackline Safety Corp. will post -0.05 EPS for the current year.

About Blackline Safety

Blackline Safety Corp is a connected safety monitoring technology company. It provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.