Blackline Safety (TSE:BLN) Reaches New 12-Month High – What’s Next?

Blackline Safety Corp. (TSE:BLN)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$9.06 and last traded at C$9.05, with a volume of 288468 shares. The stock had previously closed at C$9.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TD cut Blackline Safety from a “hold” rating to a “sell” rating and upped their price objective for the stock from C$8.00 to C$9.00 in a research note on Monday, April 13th. Royal Bank Of Canada cut Blackline Safety from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$9.00 to C$9.25 in a research note on Friday, May 22nd. Ventum Financial cut Blackline Safety from a “buy” rating to a “tender” rating and upped their price objective for the stock from C$8.25 to C$9.00 in a research note on Thursday, April 9th. Finally, Raymond James Financial cut Blackline Safety from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$10.00 to C$9.38 in a research note on Friday, April 10th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blackline Safety presently has a consensus rating of “Hold” and an average target price of C$9.27.

Blackline Safety Trading Up 0.3%

The company has a market cap of C$791.31 million, a P/E ratio of -82.27 and a beta of 0.99. The company has a current ratio of 1.89, a quick ratio of 3.09 and a debt-to-equity ratio of 17.76. The business has a 50 day moving average price of C$8.93 and a 200-day moving average price of C$7.49.

Blackline Safety (TSE:BLN) last announced its quarterly earnings data on Wednesday, June 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. Blackline Safety had a negative return on equity of 13.09% and a negative net margin of 6.11%.The company had revenue of C$44.29 million for the quarter. Analysts forecast that Blackline Safety Corp. will post -0.05 earnings per share for the current fiscal year.

Blackline Safety Company Profile

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.