TerraVest Industries (TSE:TVK) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• TerraVest Industries shares fell below their 50-day moving average, trading as low as C$136.09, raising concerns among investors about the timing to sell.
• Wall Street analysts have a "Moderate Buy" consensus rating for TerraVest, with revised price targets ranging from C$175.00 to C$181.00 after recent adjustments from CIBC, BMO, Scotiabank, and others.
• The company also announced a quarterly dividend of $0.175 per share, reflecting an annual yield of 0.5% and a payout ratio of 17.35%.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$150.31 and traded as low as C$136.09. TerraVest Industries shares last traded at C$138.76, with a volume of 63,137 shares.

Wall Street Analysts Forecast Growth

TVK has been the topic of a number of research analyst reports. CIBC set a C$175.00 target price on TerraVest Industries and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. BMO Capital Markets reduced their price objective on TerraVest Industries from C$180.00 to C$175.00 in a research report on Friday, August 15th. Scotiabank reduced their price objective on TerraVest Industries from C$180.00 to C$176.00 and set a "sector perform" rating on the stock in a research report on Friday, August 15th. National Bankshares reduced their price objective on TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Finally, Desjardins reduced their price objective on TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$181.00.

TerraVest Industries Price Performance

The company has a market capitalization of C$3.01 billion, a PE ratio of 35.67 and a beta of 0.61. The firm has a fifty day moving average of C$150.31 and a two-hundred day moving average of C$152.42. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, July 10th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, June 30th. This represents a $0.70 annualized dividend and a yield of 0.5%. TerraVest Industries's dividend payout ratio is currently 17.35%.

Insiders Place Their Bets

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of C$165.75, for a total value of C$331,504.00. Company insiders own 29.81% of the company's stock.

About TerraVest Industries

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments are Fuel Containment, Processing Equipment, and Service.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.