TerraVest Industries (TSE:TVK) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Shares of TerraVest Industries Inc. (TSE:TVK - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$165.42 and traded as low as C$163.00. TerraVest Industries shares last traded at C$170.05, with a volume of 54,099 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on TVK. Canaccord Genuity Group boosted their price objective on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$134.00 to C$190.00 in a report on Friday, May 2nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. BMO Capital Markets raised shares of TerraVest Industries to a "hold" rating in a research report on Tuesday, May 27th. Finally, Desjardins raised TerraVest Industries to a "moderate buy" rating and increased their price target for the company from C$172.00 to C$175.00 in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$185.25.

TerraVest Industries Stock Performance

The company has a market capitalization of C$3.31 billion, a P/E ratio of 49.82 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 business's fifty day simple moving average is C$165.42 and its 200-day simple moving average is C$139.21.

TerraVest Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, July 10th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Monday, June 30th. TerraVest Industries's dividend payout ratio (DPR) is 17.70%.

Insider Activity

In other news, Director Charles Pellerin sold 26,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$171.03, for a total transaction of C$4,446,780.00. Also, Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$169.93, for a total transaction of C$339,860.00. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $16,899,040. 29.81% of the stock is currently owned by insiders.

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.