Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.31 and traded as high as C$11.38. Chemtrade Logistics Income Fund shares last traded at C$11.28, with a volume of 376,329 shares traded.

Analyst Upgrades and Downgrades

CHE.UN has been the subject of a number of recent research reports. National Bankshares lifted their price objective on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Desjardins lifted their price objective on shares of Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. CIBC raised their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial raised their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Chemtrade Logistics Income Fund currently has an average rating of "Moderate Buy" and a consensus target price of C$14.33.

Chemtrade Logistics Income Fund Trading Down 0.5%

The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The company has a market cap of C$1.31 billion, a PE ratio of 10.17 and a beta of 1.50. The company's 50 day simple moving average is C$11.14 and its two-hundred day simple moving average is C$10.33.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be issued a $0.0575 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, July 31st. Chemtrade Logistics Income Fund's payout ratio is presently 60.00%.

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.