Raymond James set a C$7.50 price target on Blackline Safety (CVE:BLN) in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
BLN stock opened at C$5.70 on Thursday. Blackline Safety has a fifty-two week low of C$4.53 and a fifty-two week high of C$6.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.54 and a current ratio of 5.32. The stock has a market capitalization of $268.74 million and a price-to-earnings ratio of -26.39.
Blackline Safety (CVE:BLN) last posted its earnings results on Thursday, March 28th. The company reported C($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.06) by C$0.02. The firm had revenue of C$6.23 million during the quarter, compared to the consensus estimate of C$4.57 million. On average, equities analysts predict that Blackline Safety will post 0.06 earnings per share for the current year.
Blackline Safety Corp., a global connected safety technology company, develops, manufactures, and markets products and services for worker safety monitoring in Canada, the United States, Europe, Australia, New Zealand, and internationally. The company offers G7c, a safety monitoring device for indoor and outdoor locations covered by 3G wireless; G7x, a safety monitoring device for remote locations that are not covered by 3G wireless; standard cartridge for lone worker monitoring, single-gas cartridge for gas detection scenarios requiring only a single sensor, and multi-gas diffusion and pump cartridges for gas detection scenarios requiring up to five sensors; G7 Bridge, a portable satellite base station for remote locations, communicates with G7x; and G7 Dock, an accessory product used to calibrate G7c and G7x devices periodically while also offering frequent testing to prove that gas sensors are fully functional.
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