Blackline Safety (TSE:BLN) Shares Cross Above Fifty Day Moving Average – Here’s Why

Blackline Safety Corp. (TSE:BLNGet Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$6.83 and traded as high as C$7.11. Blackline Safety shares last traded at C$6.83, with a volume of 19,256 shares trading hands.

Blackline Safety Stock Performance

The company has a quick ratio of 3.09, a current ratio of 1.97 and a debt-to-equity ratio of 23.58. The company has a fifty day moving average price of C$6.83 and a 200 day moving average price of C$6.80. The stock has a market cap of C$575.92 million, a PE ratio of -41.57 and a beta of 1.54.

Insiders Place Their Bets

In other Blackline Safety news, Director Robert Herdman sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of C$7.25, for a total transaction of C$87,000.00. Insiders own 30.13% of the company’s stock.

About Blackline Safety

(Get Free Report)

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.

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