AirBoss of America (TSE:BOS) Hits New 1-Year Low – Should You Sell?

AirBoss of America Corp. (TSE:BOS) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.64 and last traded at C$3.68, with a volume of 22308 shares trading hands. The stock had previously closed at C$3.70.

Analyst Ratings Changes

A number of research analysts have weighed in on BOS shares. Cibc World Mkts raised shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 4th. CIBC reduced their price objective on AirBoss of America from C$5.00 to C$4.75 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, National Bankshares lowered their price objective on AirBoss of America from C$5.75 to C$5.00 and set a “sector perform” rating on the stock in a research note on Tuesday.

AirBoss of America Price Performance

The stock’s fifty day moving average price is C$3.99 and its 200-day moving average price is C$4.28. The company has a current ratio of 2.23, a quick ratio of 1.07 and a debt-to-equity ratio of 95.38. The firm has a market cap of C$66.58 million, a price-to-earnings ratio of -1.24, a P/E/G ratio of -550.53 and a beta of 2.05.

Insider Transactions at AirBoss of America

In other news, Director Peter Grenville Schoch bought 10,900 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of C$3.80 per share, with a total value of C$41,420.00. In the last ninety days, insiders acquired 20,000 shares of company stock worth $76,451. 34.90% of the stock is currently owned by company insiders.

AirBoss of America Company Profile

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.