Blackline Safety (CVE:BLN) Shares Down 0.3% – Here’s What Happened

Blackline Safety Corp. (CVE:BLN) fell 0.3% on Monday . The company traded as low as C$8.92 and last traded at C$8.92. 15,300 shares traded hands during trading, a decline of 35% from the average session volume of 23,527 shares. The stock had previously closed at C$8.95.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLN. Royal Bank Of Canada lowered Blackline Safety from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 21st. Raymond James Financial lowered Blackline Safety from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, TD Securities lowered Blackline Safety from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackline Safety presently has an average rating of “Reduce”.

Blackline Safety Stock Performance

The stock has a 50 day simple moving average of C$8.92 and a two-hundred day simple moving average of C$8.92.