TerraVest Industries (TSE:TVK) Shares Pass Above Fifty Day Moving Average - Time to Sell?

TerraVest Industries Inc. (TSE:TVK - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$126.98 and traded as high as C$135.35. TerraVest Industries shares last traded at C$132.82, with a volume of 26,209 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TVK shares. National Bankshares increased their target price on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 18th. Desjardins increased their target price on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Scotiabank increased their target price on shares of TerraVest Industries from C$140.00 to C$141.00 in a report on Thursday, April 10th. Finally, Canaccord Genuity Group increased their price target on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$137.20.

TerraVest Industries Trading Down 0.4 %

The stock has a market capitalization of C$2.87 billion, a P/E ratio of 43.06 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The firm's fifty day simple moving average is C$128.83 and its 200 day simple moving average is C$121.05.

TerraVest Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, April 10th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from TerraVest Industries's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 31st. TerraVest Industries's dividend payout ratio is presently 17.70%.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.