Blackline Safety Corp. (TSE:BLN) Given Average Recommendation of “Hold” by Brokerages

Shares of Blackline Safety Corp. (TSE:BLN) have been given an average recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$9.27.

Separately, Royal Bank Of Canada lowered shares of Blackline Safety from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$9.00 to C$9.25 in a research note on Friday, May 22nd.

Blackline Safety Price Performance

The company has a quick ratio of 3.09, a current ratio of 1.89 and a debt-to-equity ratio of 17.76. The firm has a market capitalization of C$791.31 million, a PE ratio of -82.27 and a beta of 0.95. Blackline Safety has a twelve month low of C$5.90 and a twelve month high of C$9.25. The company has a 50-day moving average of C$9.05 and a two-hundred day moving average of C$8.26.

Blackline Safety (TSE:BLN) last announced its earnings results on Wednesday, June 10th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$44.29 million for the quarter. Blackline Safety had a negative return on equity of 13.09% and a negative net margin of 6.11%. On average, equities research analysts forecast that Blackline Safety will post -0.05 earnings per share for the current fiscal year.

About Blackline Safety

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. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 161 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, the company ensure that help is never too far away.