AirBoss of America (TSE:BOS) Director Peter Grenville Schoch Buys 20,000 Shares

AirBoss of America Corp. (TSE:BOS) Director Peter Grenville Schoch purchased 20,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of C$7.46 per share, for a total transaction of C$149,200.00. Following the purchase, the director directly owned 80,000 shares of the company’s stock, valued at approximately C$596,800. This represents a 33.33% increase in their ownership of the stock.

AirBoss of America Stock Up 1.1%

BOS opened at C$7.38 on Friday. AirBoss of America Corp. has a fifty-two week low of C$3.87 and a fifty-two week high of C$10.08. The company has a debt-to-equity ratio of 71.16, a current ratio of 1.68 and a quick ratio of 1.07. The firm’s fifty day moving average price is C$7.29 and its two-hundred day moving average price is C$5.61. The company has a market capitalization of C$200.36 million, a P/E ratio of -33.55, a P/E/G ratio of -550.53 and a beta of 0.84.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on BOS shares. National Bank Financial lifted their price objective on AirBoss of America from C$5.00 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, March 6th. TD Securities lifted their price objective on AirBoss of America from C$6.50 to C$8.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Finally, TD lifted their price objective 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently 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.