Key Points
- Director Peter Grenville Schoch bought 10,000 AirBoss of America shares on June 12 at C$6.76 each, a transaction worth C$67,600. After the purchase, he held 4,943,077 shares, increasing his ownership by 0.20%.
- Recent insider buying has been steady, with Schoch also purchasing 5,000 shares on May 20 and 20,000 shares on May 14. These repeated buys may signal confidence in the company’s outlook.
- Analysts remain moderately bullish on the stock, with an average target price of C$8.33 and two Buy ratings versus one Hold. AirBoss of America recently traded around C$6.97, below that consensus target.
AirBoss of America Corp. (TSE:BOS - Get Free Report) Director Peter Grenville Schoch acquired 10,000 shares of the firm's stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of C$6.76 per share, with a total value of C$67,600.00. Following the completion of the transaction, the director owned 4,943,077 shares in the company, valued at C$33,415,200.52. The trade was a 0.20% increase in their ownership of the stock.
Peter Grenville Schoch also recently made the following trade(s):
- On Wednesday, May 20th, Peter Grenville Schoch bought 5,000 shares of AirBoss of America stock. The shares were acquired at an average cost of C$7.25 per share, for a total transaction of C$36,250.00.
- On Thursday, May 14th, Peter Grenville Schoch bought 20,000 shares of AirBoss of America stock. The shares were acquired at an average cost of C$7.46 per share, for a total transaction of C$149,200.00.
AirBoss of America Trading Up 0.1%
TSE:BOS opened at C$6.97 on Tuesday. The stock has a market cap of C$189.35 million, a price-to-earnings ratio of -31.68, a price-to-earnings-growth ratio of -550.53 and a beta of 0.58. AirBoss of America Corp. has a one year low of C$3.87 and a one year high of C$10.08. The company has a debt-to-equity ratio of 71.16, a quick ratio of 1.07 and a current ratio of 1.68. The business's 50-day simple moving average is C$7.41 and its 200 day simple moving average is C$6.04.
AirBoss of America (TSE:BOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.11 earnings per share for the quarter. AirBoss of America had a negative return on equity of 5.18% and a negative net margin of 1.53%.The firm had revenue of C$147.05 million during the quarter. As a group, sell-side analysts predict that AirBoss of America Corp. will post 0.1012935 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on BOS shares. TD Securities lifted their price target on shares of AirBoss of America from C$6.50 to C$8.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. National Bank Financial increased their price objective on shares of AirBoss of America from C$5.00 to C$7.00 and gave the company a "sector perform" rating in a research note on Friday, March 6th. Finally, TD raised their price objective on shares of AirBoss of America from C$9.00 to C$10.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$8.33.
Get Our Latest Analysis on AirBoss of America
AirBoss of America Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
