AirBoss of America (TSE:BOS) Hits New 52-Week High on Analyst Upgrade

AirBoss of America Corp. (TSE:BOS)’s share price reached a new 52-week high during mid-day trading on Monday after National Bank Financial raised their price target on the stock from C$5.00 to C$7.00. National Bank Financial currently has a sector perform rating on the stock. AirBoss of America traded as high as C$6.62 and last traded at C$6.45, with a volume of 20032 shares trading hands. The stock had previously closed at C$6.75.

Separately, TD Securities lifted their price target 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$6.08.

AirBoss of America Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.83 and a debt-to-equity ratio of 83.76. The stock’s fifty day simple moving average is C$5.09 and its 200-day simple moving average is C$4.90. The company has a market capitalization of C$175.38 million, a PE ratio of -49.69, a PEG ratio of -550.53 and a beta of 1.58.

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.