Chemtrade Logistics Income Fund (TSE:CHE.UN) Share Price Passes Above 200-Day Moving Average - What's Next?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.33 and traded as high as C$11.30. Chemtrade Logistics Income Fund shares last traded at C$11.25, with a volume of 322,078 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a "buy" rating in a research report on Thursday, May 22nd. National Bankshares increased their price target on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Raymond James boosted their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund presently has a consensus rating of "Moderate Buy" and an average target price of C$14.33.

Chemtrade Logistics Income Fund Trading Down 0.6%

The stock's 50 day simple moving average is C$9.95 and its two-hundred day simple moving average is C$10.33. The stock has a market capitalization of C$1.29 billion, a PE ratio of 10.05 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48.

Insider Activity

In related news, Senior Officer Timothy Neil Montgomery purchased 60,921 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of C$9.14 per share, for a total transaction of C$556,817.94. Also, Senior Officer Scott William Rook bought 12,428 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of C$9.66 per share, for a total transaction of C$120,054.48. Insiders own 0.19% of the company's stock.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.