AirBoss of America Corp Surges to 52-Week Low, Is Now Worst Performer

 AirBoss of America Corp Surges to 52 Week Low, Is Now Worst Performer

The stock of AirBoss of America Corp (TSE:BOS) hit a new 52-week low and has $10.74 target or 13.00% below today’s $12.35 share price. The 5 months bearish chart indicates high risk for the $275.77 million company. The 1-year low was reported on Nov, 2 by If the $10.74 price target is reached, the company will be worth $35.85 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 5,805 shares traded hands. AirBoss of America Corp (TSE:BOS) has declined 22.64% since March 29, 2016 and is downtrending. It has underperformed by 25.17% the S&P500.

AirBoss of America Corp (TSE:BOS) Ratings Coverage

Out of 2 analysts covering Airboss Of America Corp. (TSE:BOS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $27.50 is the highest target while $20 is the lowest. The $22.50 average target is 82.19% above today’s ($12.35) stock price. Airboss Of America Corp. has been the topic of 5 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by TD Securities on Thursday, August 13.

More notable recent AirBoss of America Corp (TSE:BOS) news were published by: which released: “AirBoss of America Corp. Appoints New Chief Financial Officer” on June 17, 2016, also with their article: “AirBoss of America Corp. Declares Dividend” published on March 15, 2016, published: “AirBoss Of America: A Good Company, But Not A Good Price (ABSSF)” on June 12, 2015. More interesting news about AirBoss of America Corp (TSE:BOS) were released by: and their article: “AirBoss of America Corp. To Acquire Flexible Products Co.” published on September 30, 2013 as well as‘s news article titled: “BRIEF-Airboss of America appoints Daniel Gagnon as CFO” with publication date: June 17, 2016.

AirBoss of America Corp. is engaged in the manufacture of rubber products for resource, military, automotive and industrial markets. The company has a market cap of $275.77 million. It operates in three divisions: Rubber Compounding, Engineered Products and Automotive. It has a 12.72 P/E ratio. The Company, through its AirBoss Rubber Compounding division, is engaged in custom rubber compounding, supplying mixed rubber for use in mining, transportation, industrial rubber products, military, automotive, conveyor belting, and other products, mainly in North America.

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