AirBoss of America (TSE:BOS) Reaches New 52-Week High – Still a Buy?

AirBoss of America Corp. (TSE:BOS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$5.75 and last traded at C$5.80, with a volume of 20352 shares changing hands. The stock had previously closed at C$5.46.

Analysts Set New Price Targets

Separately, TD Securities lifted their target price on shares of AirBoss of America from C$6.00 to C$6.50 and gave the stock a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, AirBoss of America currently has an average rating of “Hold” and an average target price of C$5.42.

AirBoss of America Trading Up 8.1%

The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The company has a 50-day simple moving average of C$4.79 and a 200 day simple moving average of C$4.84. The firm has a market cap of C$160.18 million, a PE ratio of -45.38, a price-to-earnings-growth ratio of -550.53 and a beta of 1.20.

About AirBoss of America

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.