Blackline Safety Corp. (CVE:BLN – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$8.92 and traded as high as C$9.04. Blackline Safety shares last traded at C$8.92, with a volume of 15,300 shares traded.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. TD Securities increased their price objective on shares of Blackline Safety from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Monday, March 18th. Canaccord Genuity Group increased their price objective on shares of Blackline Safety from C$5.00 to C$5.25 in a research report on Friday, March 15th.
Check Out Our Latest Stock Analysis on BLN
Blackline Safety Stock Performance
Blackline Safety (CVE:BLN – Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.03). The business had revenue of C$26.33 million for the quarter, compared to analysts’ expectations of C$26.98 million. As a group, sell-side analysts expect that Blackline Safety Corp. will post -0.05 EPS for the current fiscal year.
About Blackline Safety
Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers connected safety devices, including G7c, a safety wearable for indoor and outdoor locations covered by 3G wireless; G7x, a safety wearable for remote locations; G7 EXO, a cloud connected area monitor; G7 Dock, an accessory product used to calibrate G7c and G7x devices; standard cartridge for lone worker monitoring; diffusion cartridge for gas detection; pump cartridge for confined space entry and leak check gas detection services; and cloud-connected sensors that helps to customize gas detectors at work environments, as well as automated industrial contact tracing solutions.
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