TerraVest Industries (TSE:TVK) Stock Passes Below 50 Day Moving Average - Should You Sell?

Key Points

• TerraVest Industries Inc. shares have fallen below their 50-day moving average, indicating potential selling pressure, with the current trading price at C$137.43.
• Analysts have varied outlooks on the stock, with price targets ranging from C$165.00 to C$200.00, and a consensus rating of "Moderate Buy."
• The company has a market capitalization of C$2.98 billion and operates in sectors such as home heating products and energy processing equipment.

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$142.96 and traded as low as C$136.93. TerraVest Industries shares last traded at C$137.43, with a volume of 50,214 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TVK shares. CIBC set a C$175.00 price objective on shares of TerraVest Industries and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. National Bankshares lowered their price objective 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. Scotiabank lowered 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 report on Friday, August 15th. Desjardins lowered their price objective on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Finally, BMO Capital Markets lowered their price objective on shares of TerraVest Industries from C$175.00 to C$165.00 in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$179.33.

TerraVest Industries Price Performance

The company's fifty day moving average is C$142.96 and its 200 day moving average is C$153.45. The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of 35.33 and a beta of 0.43. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

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.