AirBoss of America (TSE:BOS) Director Acquires C$149,200.00 in Stock

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of C$7.46 per share, with a total value of C$149,200.00. Following the acquisition, the director owned 80,000 shares in the company, valued at approximately C$596,800. This trade represents a 33.33% increase in their ownership of the stock.

AirBoss of America Price Performance

Shares of BOS stock remained flat at C$7.30 on Friday. The stock had a trading volume of 43,188 shares, compared to its average volume of 24,377. The stock has a market capitalization of C$198.19 million, a price-to-earnings ratio of -33.18, a P/E/G ratio of -550.53 and a beta of 0.84. The company’s fifty day simple moving average is C$7.26 and its 200-day simple moving average is C$5.59. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 71.16. AirBoss of America Corp. has a fifty-two week low of C$3.87 and a fifty-two week high of C$10.08.

AirBoss of America (TSE:BOS) last issued its quarterly earnings data on Friday, March 20th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$139.50 million during the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%. Equities research analysts expect that AirBoss of America Corp. will post 0.1012935 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD increased their price target on AirBoss of America from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Friday, May 8th. National Bank Financial raised their target price on AirBoss of America from C$5.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Friday, March 6th. Finally, TD Securities raised their target price on AirBoss of America from C$6.50 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, AirBoss of America has a consensus rating of “Moderate Buy” and an average target price of C$8.00.

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.