TerraVest Industries (TSE:TVK) Shares Cross Below 50-Day Moving Average - Time to Sell?

Key Points

• TerraVest Industries shares have fallen below their fifty-day moving average of C$147.18, trading as low as C$140.19.
• Several analysts have decreased their price targets for TerraVest Industries, with the average target now at C$181.00 and a consensus rating of "Moderate Buy".
• Insider activity includes the sale of 2,000 shares by Director Pierre Fournier at an average price of C$165.75.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$147.18 and traded as low as C$140.19. TerraVest Industries shares last traded at C$140.36, with a volume of 26,628 shares traded.

Analyst Upgrades and Downgrades

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

TerraVest Industries Price Performance

The stock has a market capitalization of C$3.04 billion, a PE ratio of 36.08 and a beta of 0.61. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock's fifty day moving average is C$147.18 and its 200-day moving average is C$153.56.

Insider Activity at TerraVest Industries

In related news, Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$165.75, for a total value of C$331,504.00. 29.81% of the stock is owned by company insiders.

TerraVest Industries Company Profile

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.

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