Blackline Safety (CVE:BLN) Trading Down 0.3% Following Analyst Downgrade

by · The Cerbat Gem

Blackline Safety Corp. (CVE:BLN – Get Free Report)’s stock price traded down 0.3% during mid-day trading on Thursday after Raymond James Financial downgraded the stock from a moderate buy rating to a hold rating. The stock traded as low as C$8.92 and last traded at C$8.92. 15,300 shares changed hands during trading, a decline of 35% from the average session volume of 23,527 shares. The stock had previously closed at C$8.95.

Separately, Royal Bank Of Canada raised Blackline Safety to a “moderate buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Blackline Safety currently has a consensus rating of “Hold”.

Get Our Latest Analysis on BLN

Blackline Safety Price Performance

The stock has a 50 day moving average price of C$8.92 and a two-hundred day moving average price of C$8.92.

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