AirBoss of America (TSE:BOS) Reaches New 1-Year High – Should You Buy?

AirBoss of America Corp. (TSE:BOS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.22 and last traded at C$6.05, with a volume of 14086 shares traded. The stock had previously closed at C$6.10.

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 company a “buy” rating in a report on Friday, November 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, AirBoss of America presently has a consensus rating of “Hold” and an average price target of C$5.42.

AirBoss of America Stock Up 0.3%

The firm’s 50 day moving average price is C$4.90 and its two-hundred day moving average price is C$4.86. The firm has a market capitalization of C$166.15 million, a PE ratio of -47.08, a P/E/G ratio of -550.53 and a beta of 1.20. The company has a quick ratio of 1.07, a current ratio of 2.23 and a debt-to-equity ratio of 95.38.

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.