The stock of AirBoss of America Corp (TSE:BOS) hit a new 52-week low and has $9.12 target or 14.00% below today’s $10.60 share price. The 5 months bearish chart indicates high risk for the $248.47 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $9.12 price target is reached, the company will be worth $34.79M 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 18,310 shares traded hands or 28.74% up from the average. AirBoss of America Corp (TSE:BOS) has declined 12.22% since April 11, 2016 and is downtrending. It has underperformed by 16.14% 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 112.26% above today’s ($10.6) stock price. Airboss Of America Corp. has been the topic of 5 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 13 by TD Securities.
More important recent AirBoss of America Corp (TSE:BOS) news were published by: Marketwired.com which released: “AirBoss of America Corp. Appoints New Chief Financial Officer” on June 17, 2016, also Seekingalpha.com published article titled: “AirBoss Of America: A Good Company, But Not A Good Price (ABSSF)”, Marketwired.com published: “AirBoss of America Corp. To Acquire Flexible Products Co.” on September 30, 2013. More interesting news about AirBoss of America Corp (TSE:BOS) was released by: Marketwired.com and their article: “AirBoss of America Corp. Declares Dividend” with publication date: March 15, 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 $248.47 million. It operates in three divisions: Rubber Compounding, Engineered Products and Automotive. It has a 10.79 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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