Blackline Safety (CVE:BLN) Stock Price Down 0.3% – Should You Sell?

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

Analysts Set New Price Targets

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

Blackline Safety Stock Performance

The business’s 50-day simple moving average is C$8.92 and its two-hundred day simple moving average is C$8.92.