AirBoss of America (TSE:BOS) Reaches New 12-Month Low – Here’s What Happened

AirBoss of America Corp. (TSE:BOS) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.65 and last traded at C$3.69, with a volume of 11742 shares. The stock had previously closed at C$3.75.

Analyst Ratings Changes

A number of analysts have commented on the stock. CIBC reduced their target price on shares of AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating for the company in a report on Tuesday, March 11th. National Bankshares reduced their price objective on AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 11th. Finally, TD Securities lowered their target price on AirBoss of America from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th.

AirBoss of America Trading Down 1.6 %

The stock has a market capitalization of C$65.31 million, a PE ratio of -1.22, a PEG ratio of -550.53 and a beta of 2.05. The stock’s 50 day moving average price is C$3.91 and its 200-day moving average price is C$4.21. 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.